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$267,570$267,570$765,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$497,430$0
Funding fee$1,338$1,338$0
Note rate3.160%3.160%7.400%
Blended rate3.160%6.145%7.640%
1st payment$1,329.73$1,329.73$5,296.71
2nd payment$0.00$3,212.57$0.00
Taxes / mo$394.83$394.83$394.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$18.25$18.25$18.25
Total monthly$1,959.48$5,172.05$6,079.46
Cash to close$582,430$85,000$85,000