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$326,948$326,948$877,500
Remaining term (yrs)14.314.330.0
Secondary amount$0$550,552$0
Funding fee$1,635$1,635$0
Note rate3.950%3.950%7.400%
Blended rate3.950%6.334%7.640%
1st payment$2,481.80$2,481.80$6,075.63
2nd payment$0.00$3,555.65$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,510.96$7,066.61$7,280.30
Cash to close$648,052$97,500$97,500