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$356,202$356,202$742,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$386,298$0
Funding fee$1,781$1,781$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.711%7.640%
1st payment$1,842.17$1,842.17$5,140.92
2nd payment$0.00$2,494.84$0.00
Taxes / mo$442.58$442.58$442.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$61.67$61.67$61.67
Total monthly$2,563.09$5,057.93$6,010.34
Cash to close$468,798$82,500$82,500