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$370,835$370,835$711,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$340,165$0
Funding fee$1,854$1,854$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.356%7.640%
1st payment$1,842.92$1,842.92$4,922.82
2nd payment$0.00$2,196.90$0.00
Taxes / mo$407.67$407.67$407.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.20
HOA / mo$45.83$45.83$45.83
Total monthly$2,513.08$4,709.98$5,735.18
Cash to close$419,165$79,000$79,000