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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$323,161$323,161$567,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$243,839$0
Funding fee$1,616$1,616$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.934%7.42%
1st payment$1,536.47$1,536.47$3,841.06
2nd payment$0.00$1,574.79$0.00
Taxes / mo$213.33$213.33$213.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$11.50$11.50$11.50
Total monthly$1,927.97$3,502.76$4,345.96
Cash to close$306,839$63,000$63,000