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$333,537$333,537$584,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$251,462$0
Funding fee$1,668$1,668$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.968%7.640%
1st payment$1,552.15$1,552.15$4,050.42
2nd payment$0.00$1,624.02$0.00
Taxes / mo$204.83$204.83$204.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$60.67$60.67$60.67
Total monthly$1,984.32$3,608.34$4,599.59
Cash to close$316,462$65,000$65,000