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$354,166$354,166$675,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$320,834$0
Funding fee$1,771$1,771$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.205%7.640%
1st payment$1,664.92$1,664.92$4,673.56
2nd payment$0.00$2,072.05$0.00
Taxes / mo$406.35$406.35$406.35
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,287.94$4,359.99$5,431.58
Cash to close$395,834$75,000$75,000