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$347,237$347,237$549,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$201,763$0
Funding fee$1,736$1,736$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.682%7.640%
1st payment$1,666.95$1,666.95$3,801.17
2nd payment$0.00$1,303.05$0.00
Taxes / mo$318.01$318.01$318.01
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,151.62$3,454.67$4,395.64
Cash to close$262,763$61,000$61,000