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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$266,945$266,945$765,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$498,055$0
Funding fee$1,335$1,335$0
Note rate3.16%3.16%7.18%
Blended rate3.16%6.148%7.42%
1st payment$1,329.73$1,329.73$5,182.38
2nd payment$0.00$3,216.60$0.00
Taxes / mo$394.83$394.83$394.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$18.25$18.25$18.25
Total monthly$1,959.48$5,176.09$5,965.13
Cash to close$583,055$85,000$85,000