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$308,199$308,199$602,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$293,901$0
Funding fee$1,541$1,541$0
Note rate2.670%2.670%7.400%
Blended rate2.670%5.150%7.640%
1st payment$1,429.41$1,429.41$4,168.82
2nd payment$0.00$1,898.11$0.00
Taxes / mo$261.50$261.50$261.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.42
HOA / mo$20.00$20.00$20.00
Total monthly$1,877.58$3,775.69$4,737.41
Cash to close$360,801$66,900$66,900