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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$305,148$305,148$701,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$395,952$0
Funding fee$1,526$1,526$0
Note rate3.44%3.44%7.18%
Blended rate3.44%5.874%7.42%
1st payment$1,760.34$1,760.34$4,749.50
2nd payment$0.00$2,557.19$0.00
Taxes / mo$309.67$309.67$309.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$150.00$150.00$150.00
Total monthly$2,436.67$4,993.87$5,566.05
Cash to close$473,852$77,900$77,900