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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$269,768$269,768$809,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$539,332$0
Funding fee$1,349$1,349$0
Note rate3.45%3.45%7.18%
Blended rate3.45%6.316%7.42%
1st payment$1,400.78$1,400.78$5,481.13
2nd payment$0.00$3,483.19$0.00
Taxes / mo$219.25$219.25$219.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$56.00$56.00$56.00
Total monthly$1,892.70$5,375.88$6,134.86
Cash to close$629,232$89,900$89,900