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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$316,975$316,975$796,409
Remaining term (yrs)13.813.830.0
Secondary amount$0$479,434$0
Funding fee$1,585$1,585$0
Note rate6.5%6.5%7.18%
Blended rate6.5%7.252%7.42%
1st payment$2,889.03$2,889.03$5,395.15
2nd payment$0.00$3,096.34$0.00
Taxes / mo$469.00$469.00$469.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$159.28
HOA / mo$146.00$146.00$146.00
Total monthly$3,720.69$6,817.04$6,386.10
Cash to close$567,924$88,490$88,490