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$306,212$306,212$629,010
Remaining term (yrs)22.922.930.0
Secondary amount$0$322,798$0
Funding fee$1,531$1,531$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.803%7.640%
1st payment$1,657.49$1,657.49$4,355.14
2nd payment$0.00$2,084.74$0.00
Taxes / mo$528.33$528.33$528.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.80
HOA / mo$3.08$3.08$3.08
Total monthly$2,355.57$4,440.31$5,179.02
Cash to close$392,688$69,890$69,890