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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$264,711$264,711$540,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$275,289$0
Funding fee$1,324$1,324$0
Note rate3.57%3.57%7.18%
Blended rate3.57%5.701%7.42%
1st payment$1,553.66$1,553.66$3,658.15
2nd payment$0.00$1,777.91$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$14.67$14.67$14.67
Total monthly$1,915.74$3,693.65$4,128.23
Cash to close$335,289$60,000$60,000