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$308,432$308,432$967,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$659,068$0
Funding fee$1,542$1,542$0
Note rate2.99%2.99%7.18%
Blended rate2.99%6.233%7.42%
1st payment$1,502.04$1,502.04$6,554.18
2nd payment$0.00$4,256.48$0.00
Taxes / mo$497.67$497.67$497.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$193.50
HOA / mo$208.67$208.67$208.67
Total monthly$2,425.05$6,681.53$7,670.69
Cash to close$766,568$107,500$107,500