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$394,974$394,974$756,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$361,026$0
Funding fee$1,975$1,975$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.305%7.640%
1st payment$1,992.07$1,992.07$5,234.39
2nd payment$0.00$2,331.62$0.00
Taxes / mo$700.00$700.00$700.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,908.73$5,240.36$6,302.26
Cash to close$445,026$84,000$84,000