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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$352,582$352,582$512,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$160,328$0
Funding fee$1,763$1,763$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.673%7.42%
1st payment$1,756.31$1,756.31$3,474.63
2nd payment$0.00$1,068.85$0.00
Taxes / mo$119.92$119.92$119.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,042.90$3,111.75$3,863.80
Cash to close$217,318$56,990$56,990