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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$318,922$318,922$808,650
Remaining term (yrs)21.421.430.0
Secondary amount$0$489,728$0
Funding fee$1,595$1,595$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.885%7.42%
1st payment$1,682.07$1,682.07$5,478.08
2nd payment$0.00$3,162.83$0.00
Taxes / mo$435.17$435.17$435.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.73
HOA / mo$236.67$236.67$236.67
Total monthly$2,570.57$5,733.40$6,528.31
Cash to close$579,578$89,850$89,850