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$274,340$274,340$715,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$441,160$0
Funding fee$1,372$1,372$0
Note rate3.790%3.790%7.400%
Blended rate3.790%6.232%7.640%
1st payment$1,660.27$1,660.27$4,953.98
2nd payment$0.00$2,849.16$0.00
Taxes / mo$678.58$678.58$678.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.10
HOA / mo$178.33$178.33$178.33
Total monthly$2,733.85$5,583.01$6,170.66
Cash to close$520,660$79,500$79,500