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$339,604$339,604$614,250
Remaining term (yrs)23.723.730.0
Secondary amount$0$274,646$0
Funding fee$1,698$1,698$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.179%7.640%
1st payment$1,681.08$1,681.08$4,252.94
2nd payment$0.00$1,773.75$0.00
Taxes / mo$147.32$147.32$147.32
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,995.06$3,768.82$4,689.78
Cash to close$342,896$68,250$68,250