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$393,394$393,394$629,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$236,605$0
Funding fee$1,967$1,967$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.684%7.640%
1st payment$1,867.48$1,867.48$4,361.99
2nd payment$0.00$1,528.07$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$139.00$139.00$139.00
Total monthly$2,756.48$4,284.56$5,376.99
Cash to close$306,605$70,000$70,000