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$378,791$378,791$706,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$327,709$0
Funding fee$1,894$1,894$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.059%7.640%
1st payment$1,768.37$1,768.37$4,891.66
2nd payment$0.00$2,116.45$0.00
Taxes / mo$199.58$199.58$199.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,184.62$4,301.07$5,449.21
Cash to close$406,209$78,500$78,500