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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$390,436$390,436$567,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$176,564$0
Funding fee$1,952$1,952$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.667%7.42%
1st payment$1,944.88$1,944.88$3,841.06
2nd payment$0.00$1,177.09$0.00
Taxes / mo$519.92$519.92$519.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,631.46$3,808.55$4,641.04
Cash to close$239,564$63,000$63,000