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$336,590$336,590$539,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$203,409$0
Funding fee$1,683$1,683$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.802%7.640%
1st payment$1,644.39$1,644.39$3,738.84
2nd payment$0.00$1,313.68$0.00
Taxes / mo$469.67$469.67$469.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,320.72$3,634.40$4,523.18
Cash to close$263,409$60,000$60,000