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$342,690$342,690$1,053,900
Remaining term (yrs)23.323.330.0
Secondary amount$0$711,210$0
Funding fee$1,713$1,713$0
Note rate2.670%2.670%7.400%
Blended rate2.670%6.098%7.640%
1st payment$1,641.56$1,641.56$7,296.99
2nd payment$0.00$4,593.23$0.00
Taxes / mo$975.83$975.83$975.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$210.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,834.06$7,427.29$8,700.27
Cash to close$828,310$117,100$117,100