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$302,065$302,065$684,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$381,935$0
Funding fee$1,510$1,510$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.568%7.42%
1st payment$1,429.29$1,429.29$4,633.65
2nd payment$0.00$2,466.66$0.00
Taxes / mo$210.08$210.08$210.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$146.00$146.00$146.00
Total monthly$2,002.04$4,468.71$5,343.20
Cash to close$457,935$76,000$76,000