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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$382,513$382,513$558,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$175,487$0
Funding fee$1,913$1,913$0
Note rate3.31%3.31%7.18%
Blended rate3.31%4.785%7.42%
1st payment$1,944.37$1,944.37$3,780.09
2nd payment$0.00$1,169.92$0.00
Taxes / mo$254.67$254.67$254.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$80.00$80.00$80.00
Total monthly$2,445.70$3,615.62$4,393.02
Cash to close$237,487$62,000$62,000