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$346,992$346,992$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$350,508$0
Funding fee$1,735$1,735$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.352%7.640%
1st payment$1,667.17$1,667.17$4,829.35
2nd payment$0.00$2,263.70$0.00
Taxes / mo$225.33$225.33$225.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$7.08$7.08$7.08
Total monthly$2,116.25$4,379.95$5,417.93
Cash to close$428,008$77,500$77,500