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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$472,111$472,111$684,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$211,889$0
Funding fee$2,361$2,361$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.389%7.42%
1st payment$2,272.45$2,272.45$4,633.65
2nd payment$0.00$1,368.45$0.00
Taxes / mo$403.00$403.00$403.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$160.08$160.08$160.08
Total monthly$3,052.19$4,420.64$5,550.20
Cash to close$287,889$76,000$76,000