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$303,554$303,554$832,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$528,946$0
Funding fee$1,518$1,518$0
Note rate3.600%3.600%7.400%
Blended rate3.600%6.237%7.640%
1st payment$1,600.35$1,600.35$5,764.06
2nd payment$0.00$3,416.11$0.00
Taxes / mo$727.00$727.00$727.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$108.00$108.00$108.00
Total monthly$2,652.02$6,068.13$6,982.23
Cash to close$621,446$92,500$92,500