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$333,903$333,903$571,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$237,507$0
Funding fee$1,670$1,670$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.963%7.42%
1st payment$1,624.37$1,624.37$3,870.93
2nd payment$0.00$1,533.90$0.00
Taxes / mo$165.75$165.75$165.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.28
HOA / mo$20.83$20.83$20.83
Total monthly$1,977.61$3,511.51$4,338.46
Cash to close$300,997$63,490$63,490