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$279,130$279,130$792,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$512,870$0
Funding fee$1,396$1,396$0
Note rate2.780%2.780%7.400%
Blended rate2.780%5.998%7.640%
1st payment$1,319.66$1,319.66$5,483.65
2nd payment$0.00$3,312.29$0.00
Taxes / mo$733.33$733.33$733.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,269.66$5,581.95$6,592.05
Cash to close$600,870$88,000$88,000