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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$320,618$320,618$809,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$489,292$0
Funding fee$1,603$1,603$0
Note rate3.45%3.45%7.18%
Blended rate3.45%6.048%7.42%
1st payment$1,657.18$1,657.18$5,486.61
2nd payment$0.00$3,160.01$0.00
Taxes / mo$435.42$435.42$435.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$524.67$524.67$524.67
Total monthly$2,833.93$5,993.94$6,825.35
Cash to close$579,282$89,990$89,990