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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$357,385$357,385$585,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$227,615$0
Funding fee$1,787$1,787$0
Note rate3.69%3.69%7.18%
Blended rate3.69%5.27%7.42%
1st payment$1,914.25$1,914.25$3,962.99
2nd payment$0.00$1,470.01$0.00
Taxes / mo$218.75$218.75$218.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$205.00$205.00$205.00
Total monthly$2,504.66$3,974.68$4,670.41
Cash to close$292,615$65,000$65,000