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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$359,400$359,400$562,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$203,100$0
Funding fee$1,797$1,797$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.817%7.42%
1st payment$1,790.27$1,790.27$3,810.57
2nd payment$0.00$1,311.69$0.00
Taxes / mo$330.83$330.83$330.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,367.77$3,679.46$4,500.57
Cash to close$265,600$62,500$62,500