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$340,645$340,645$495,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$154,355$0
Funding fee$1,703$1,703$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.483%7.640%
1st payment$1,633.55$1,633.55$3,427.28
2nd payment$0.00$1,029.04$0.00
Taxes / mo$643.83$643.83$643.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$36.67$36.67$36.67
Total monthly$2,480.72$3,509.76$4,373.45
Cash to close$209,355$55,000$55,000