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$285,954$285,954$584,550
Remaining term (yrs)24.024.030.0
Secondary amount$0$298,596$0
Funding fee$1,430$1,430$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.436%7.640%
1st payment$1,393.71$1,393.71$4,047.31
2nd payment$0.00$1,928.43$0.00
Taxes / mo$541.25$541.25$541.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.63$4,030.06$4,872.13
Cash to close$363,546$64,950$64,950