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$355,467$355,467$854,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$498,633$0
Funding fee$1,777$1,777$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.765%7.640%
1st payment$2,043.75$2,043.75$5,913.62
2nd payment$0.00$3,220.34$0.00
Taxes / mo$746.58$746.58$746.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.82
HOA / mo$140.00$140.00$140.00
Total monthly$3,147.00$6,367.34$7,187.69
Cash to close$593,533$94,900$94,900