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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$296,413$296,413$864,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$567,587$0
Funding fee$1,482$1,482$0
Note rate2.83%2.83%7.18%
Blended rate2.83%6.062%7.42%
1st payment$1,408.95$1,408.95$5,853.04
2nd payment$0.00$3,665.66$0.00
Taxes / mo$349.25$349.25$349.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$172.80
HOA / mo$133.33$133.33$133.33
Total monthly$2,108.19$5,773.86$6,725.08
Cash to close$663,587$96,000$96,000