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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$383,563$383,563$697,050
Remaining term (yrs)23.423.430.0
Secondary amount$0$313,487$0
Funding fee$1,918$1,918$0
Note rate3.33%3.33%7.18%
Blended rate3.33%5.318%7.42%
1st payment$1,962.85$1,962.85$4,722.06
2nd payment$0.00$2,024.60$0.00
Taxes / mo$373.17$373.17$373.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.41
HOA / mo$146.00$146.00$146.00
Total monthly$2,698.69$4,723.29$5,597.30
Cash to close$390,937$77,450$77,450