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$363,057$363,057$719,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$356,853$0
Funding fee$1,815$1,815$0
Note rate3.420%3.420%7.400%
Blended rate3.420%5.566%7.640%
1st payment$2,090.69$2,090.69$4,984.51
2nd payment$0.00$2,304.68$0.00
Taxes / mo$295.58$295.58$295.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$123.00$123.00$123.00
Total monthly$2,725.94$5,030.62$5,763.74
Cash to close$436,843$79,990$79,990