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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$355,360$355,360$1,137,330
Remaining term (yrs)25.625.630.0
Secondary amount$0$781,970$0
Funding fee$1,777$1,777$0
Note rate5.3%5.3%7.18%
Blended rate5.3%6.984%7.42%
1st payment$2,110.16$2,110.16$7,704.67
2nd payment$0.00$5,050.22$0.00
Taxes / mo$403.17$403.17$403.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$227.47
HOA / mo$158.00$158.00$158.00
Total monthly$2,887.99$7,938.21$8,709.97
Cash to close$908,340$126,370$126,370