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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$479,346$479,346$683,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$203,754$0
Funding fee$2,397$2,397$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.326%7.560%
1st payment$2,230.68$2,230.68$4,692.42
2nd payment$0.00$1,315.91$0.00
Taxes / mo$306.42$306.42$306.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$110.00$110.00$110.00
Total monthly$2,863.77$4,179.68$5,462.13
Cash to close$279,654$75,900$75,900