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$364,819$364,819$566,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$202,180$0
Funding fee$1,824$1,824$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.732%7.640%
1st payment$1,753.14$1,753.14$3,925.79
2nd payment$0.00$1,305.75$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$442.00$442.00$442.00
Total monthly$2,886.81$4,192.56$5,172.85
Cash to close$265,180$63,000$63,000