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$318,580$318,580$577,800
Remaining term (yrs)23.623.630.0
Secondary amount$0$259,220$0
Funding fee$1,593$1,593$0
Note rate3.330%3.330%7.400%
Blended rate3.330%5.313%7.640%
1st payment$1,618.99$1,618.99$4,000.57
2nd payment$0.00$1,674.13$0.00
Taxes / mo$595.25$595.25$595.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.56
HOA / mo$1,719.00$1,719.00$1,719.00
Total monthly$4,099.91$5,774.04$6,597.05
Cash to close$323,420$64,200$64,200