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$335,902$335,902$629,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$294,008$0
Funding fee$1,680$1,680$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.126%7.640%
1st payment$1,596.65$1,596.65$4,361.37
2nd payment$0.00$1,898.80$0.00
Taxes / mo$418.25$418.25$418.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$55.00$55.00$55.00
Total monthly$2,236.57$4,135.36$5,127.27
Cash to close$363,998$69,990$69,990