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$327,018$327,018$944,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$617,082$0
Funding fee$1,635$1,635$0
Note rate5.090%5.090%7.400%
Blended rate5.090%6.829%7.640%
1st payment$1,898.17$1,898.17$6,536.76
2nd payment$0.00$3,985.32$0.00
Taxes / mo$648.58$648.58$648.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,763.42$6,748.75$7,590.83
Cash to close$721,982$104,900$104,900