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$340,290$340,290$639,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$298,710$0
Funding fee$1,701$1,701$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.130%7.640%
1st payment$1,613.65$1,613.65$4,424.31
2nd payment$0.00$1,929.17$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,421.98$4,351.15$5,360.44
Cash to close$369,710$71,000$71,000