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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$348,590$348,590$594,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$245,410$0
Funding fee$1,743$1,743$0
Note rate3.62%3.62%7.18%
Blended rate3.62%5.326%7.42%
1st payment$1,841.49$1,841.49$4,023.96
2nd payment$0.00$1,584.94$0.00
Taxes / mo$182.58$182.58$182.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$56.67$56.67$56.67
Total monthly$2,247.41$3,832.36$4,548.68
Cash to close$311,410$66,000$66,000