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$344,618$344,618$629,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$285,292$0
Funding fee$1,723$1,723$0
Note rate2.89%2.89%7.18%
Blended rate2.89%5.091%7.42%
1st payment$1,656.56$1,656.56$4,267.23
2nd payment$0.00$1,842.51$0.00
Taxes / mo$294.58$294.58$294.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$132.00$132.00$132.00
Total monthly$2,249.81$4,092.32$4,986.46
Cash to close$355,282$69,990$69,990