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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$327,557$327,557$526,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$198,943$0
Funding fee$1,638$1,638$0
Note rate3.17%3.17%7.18%
Blended rate3.17%4.995%7.42%
1st payment$1,596.47$1,596.47$3,566.69
2nd payment$0.00$1,326.29$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$577.00$577.00$577.00
Total monthly$2,517.30$3,843.59$4,592.83
Cash to close$257,443$58,500$58,500