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$401,808$401,808$719,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$318,191$0
Funding fee$2,009$2,009$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.272%7.640%
1st payment$2,028.38$2,028.38$4,985.13
2nd payment$0.00$2,054.98$0.00
Taxes / mo$411.25$411.25$411.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$75.00$75.00$75.00
Total monthly$2,731.30$4,786.28$5,832.04
Cash to close$398,191$80,000$80,000