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$344,310$344,310$675,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$330,690$0
Funding fee$1,722$1,722$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.112%7.640%
1st payment$2,190.36$2,190.36$4,673.56
2nd payment$0.00$2,135.71$0.00
Taxes / mo$668.75$668.75$668.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$128.00$128.00$128.00
Total monthly$3,203.78$5,339.48$5,821.98
Cash to close$405,690$75,000$75,000