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$368,429$368,429$665,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$297,481$0
Funding fee$1,842$1,842$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.973%7.640%
1st payment$1,707.79$1,707.79$4,610.63
2nd payment$0.00$1,921.23$0.00
Taxes / mo$486.00$486.00$486.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.18
HOA / mo$293.00$293.00$293.00
Total monthly$2,703.46$4,624.68$5,739.47
Cash to close$371,471$73,990$73,990