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$348,111$348,111$630,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$281,889$0
Funding fee$1,741$1,741$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.136%7.640%
1st payment$1,721.16$1,721.16$4,361.99
2nd payment$0.00$1,820.53$0.00
Taxes / mo$718.67$718.67$718.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,606.49$4,427.03$5,373.33
Cash to close$351,889$70,000$70,000