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$361,881$361,881$584,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$223,118$0
Funding fee$1,809$1,809$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.682%7.640%
1st payment$1,700.51$1,700.51$4,050.42
2nd payment$0.00$1,440.97$0.00
Taxes / mo$342.92$342.92$342.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$60.00$60.00$60.00
Total monthly$2,270.09$3,711.06$4,737.00
Cash to close$288,118$65,000$65,000