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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$302,928$302,928$877,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$574,572$0
Funding fee$1,515$1,515$0
Note rate3.31%3.31%7.18%
Blended rate3.31%6.217%7.42%
1st payment$1,539.83$1,539.83$5,944.49
2nd payment$0.00$3,710.78$0.00
Taxes / mo$362.58$362.58$362.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.50
HOA / mo$492.67$492.67$492.67
Total monthly$2,611.75$6,322.53$7,191.91
Cash to close$672,072$97,500$97,500