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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$326,374$326,374$1,259,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$932,726$0
Funding fee$1,632$1,632$0
Note rate3.29%3.29%7.18%
Blended rate3.29%6.594%7.42%
1st payment$1,659.46$1,659.46$8,529.58
2nd payment$0.00$6,023.86$0.00
Taxes / mo$406.33$406.33$406.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,282.46$8,306.31$9,404.40
Cash to close$1,072,626$139,900$139,900