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$378,049$378,049$891,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$512,951$0
Funding fee$1,890$1,890$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.832%7.42%
1st payment$1,901.40$1,901.40$6,035.94
2nd payment$0.00$3,312.81$0.00
Taxes / mo$264.17$264.17$264.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$178.20
HOA / mo$184.00$184.00$184.00
Total monthly$2,566.23$5,879.04$6,878.98
Cash to close$611,951$99,000$99,000