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$349,348$349,348$683,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$333,752$0
Funding fee$1,747$1,747$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.300%7.640%
1st payment$2,353.73$2,353.73$4,729.65
2nd payment$0.00$2,155.48$0.00
Taxes / mo$632.50$632.50$632.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$63.00$63.00$63.00
Total monthly$3,265.89$5,421.37$5,778.43
Cash to close$409,652$75,900$75,900