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$318,873$318,873$1,304,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$985,227$0
Funding fee$1,594$1,594$0
Note rate3.800%3.800%7.400%
Blended rate3.800%6.784%7.640%
1st payment$1,738.51$1,738.51$9,029.32
2nd payment$0.00$6,362.92$0.00
Taxes / mo$334.17$334.17$334.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$260.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,289.35$8,652.27$9,840.98
Cash to close$1,130,127$144,900$144,900