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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$285,480$285,480$967,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$682,020$0
Funding fee$1,427$1,427$0
Note rate3.13%3.13%7.18%
Blended rate3.13%6.387%7.42%
1st payment$1,417.60$1,417.60$6,554.18
2nd payment$0.00$4,404.72$0.00
Taxes / mo$430.33$430.33$430.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$193.50
HOA / mo$135.00$135.00$135.00
Total monthly$2,199.60$6,604.32$7,529.68
Cash to close$789,520$107,500$107,500