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$372,748$372,748$765,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$392,252$0
Funding fee$1,864$1,864$0
Note rate3.21%3.21%7.18%
Blended rate3.21%5.538%7.42%
1st payment$1,866.48$1,866.48$5,182.38
2nd payment$0.00$2,533.30$0.00
Taxes / mo$317.75$317.75$317.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$128.00$128.00$128.00
Total monthly$2,528.90$5,062.19$5,997.79
Cash to close$477,252$85,000$85,000