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$300,409$300,409$629,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$328,691$0
Funding fee$1,502$1,502$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.453%7.640%
1st payment$1,448.33$1,448.33$4,355.76
2nd payment$0.00$2,122.80$0.00
Taxes / mo$178.42$178.42$178.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,793.41$3,916.20$4,826.66
Cash to close$398,591$69,900$69,900