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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$318,145$318,145$1,304,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$985,955$0
Funding fee$1,591$1,591$0
Note rate3.8%3.8%7.18%
Blended rate3.8%6.786%7.42%
1st payment$1,738.51$1,738.51$8,834.43
2nd payment$0.00$6,367.63$0.00
Taxes / mo$334.17$334.17$334.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$260.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,289.35$8,656.98$9,646.08
Cash to close$1,130,855$144,900$144,900