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$384,459$384,459$697,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$313,041$0
Funding fee$1,922$1,922$0
Note rate3.330%3.330%7.400%
Blended rate3.330%5.314%7.640%
1st payment$1,962.85$1,962.85$4,829.35
2nd payment$0.00$2,021.72$0.00
Taxes / mo$373.17$373.17$373.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$146.00$146.00$146.00
Total monthly$2,698.69$4,720.41$5,704.68
Cash to close$390,541$77,500$77,500