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$369,851$369,851$989,910
Remaining term (yrs)19.319.330.0
Secondary amount$0$620,059$0
Funding fee$1,849$1,849$0
Note rate4.18%4.18%7.18%
Blended rate4.18%6.416%7.42%
1st payment$2,320.31$2,320.31$6,706.00
2nd payment$0.00$4,004.55$0.00
Taxes / mo$398.50$398.50$398.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.98
HOA / mo$30.17$30.17$30.17
Total monthly$2,965.65$6,970.19$7,549.31
Cash to close$730,049$109,990$109,990