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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$315,919$315,919$585,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$269,081$0
Funding fee$1,580$1,580$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.131%7.42%
1st payment$1,488.52$1,488.52$3,962.99
2nd payment$0.00$1,737.81$0.00
Taxes / mo$114.58$114.58$114.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$163.00$163.00$163.00
Total monthly$1,932.77$3,670.58$4,524.24
Cash to close$334,081$65,000$65,000