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$368,076$368,076$886,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$518,424$0
Funding fee$1,840$1,840$0
Note rate3.260%3.260%7.400%
Blended rate3.260%5.886%7.640%
1st payment$1,852.71$1,852.71$6,137.95
2nd payment$0.00$3,348.16$0.00
Taxes / mo$820.83$820.83$820.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,890.21$6,238.37$7,352.75
Cash to close$616,924$98,500$98,500