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$299,631$299,631$670,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$370,869$0
Funding fee$1,498$1,498$0
Note rate3.410%3.410%7.400%
Blended rate3.410%5.811%7.640%
1st payment$1,723.91$1,723.91$4,642.41
2nd payment$0.00$2,395.20$0.00
Taxes / mo$681.67$681.67$681.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,622.24$5,017.44$5,674.84
Cash to close$445,369$74,500$74,500