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$381,483$381,483$832,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$450,927$0
Funding fee$1,907$1,907$0
Note rate3.740%3.740%7.400%
Blended rate3.740%5.912%7.640%
1st payment$2,035.21$2,035.21$5,763.44
2nd payment$0.00$2,912.23$0.00
Taxes / mo$538.08$538.08$538.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.48
HOA / mo$235.00$235.00$235.00
Total monthly$3,024.96$5,937.20$6,919.67
Cash to close$543,417$92,490$92,490