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$295,519$295,519$567,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$271,481$0
Funding fee$1,478$1,478$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.170%7.640%
1st payment$1,400.16$1,400.16$3,925.79
2nd payment$0.00$1,753.32$0.00
Taxes / mo$212.67$212.67$212.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$5.58$5.58$5.58
Total monthly$1,785.07$3,538.39$4,424.11
Cash to close$334,481$63,000$63,000