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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$300,205$300,205$643,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$343,295$0
Funding fee$1,501$1,501$0
Note rate6.02%6.02%7.18%
Blended rate6.02%6.943%7.42%
1st payment$1,903.52$1,903.52$4,359.29
2nd payment$0.00$2,217.11$0.00
Taxes / mo$241.33$241.33$241.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$180.00$180.00$180.00
Total monthly$2,541.52$4,758.63$5,125.99
Cash to close$414,795$71,500$71,500