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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$312,122$312,122$809,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$496,978$0
Funding fee$1,561$1,561$0
Note rate3.66%3.66%7.18%
Blended rate3.66%6.172%7.42%
1st payment$1,670.64$1,670.64$5,481.13
2nd payment$0.00$3,209.65$0.00
Taxes / mo$215.08$215.08$215.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,102.39$5,312.04$6,074.70
Cash to close$586,878$89,900$89,900