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$330,369$330,369$494,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$164,541$0
Funding fee$1,652$1,652$0
Note rate3.260%3.260%7.400%
Blended rate3.260%4.836%7.640%
1st payment$1,666.78$1,666.78$3,426.66
2nd payment$0.00$1,096.94$0.00
Taxes / mo$294.60$294.60$294.60
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,128.04$3,224.98$3,986.90
Cash to close$219,531$54,990$54,990