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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$410,945$410,945$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$84,055$0
Funding fee$2,055$2,055$0
Note rate2.74%2.74%7.24%
Blended rate2.74%3.803%7.48%
1st payment$1,925.17$1,925.17$3,373.42
2nd payment$0.00$630.41$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$60.00$60.00$60.00
Total monthly$2,371.84$3,002.25$3,919.08
Cash to close$139,055$55,000$55,000