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$341,876$341,876$742,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$400,624$0
Funding fee$1,709$1,709$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.429%7.640%
1st payment$1,600.24$1,600.24$5,140.92
2nd payment$0.00$2,587.36$0.00
Taxes / mo$515.42$515.42$515.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$66.67$66.67$66.67
Total monthly$2,399.00$4,986.36$6,088.18
Cash to close$483,124$82,500$82,500