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$388,879$388,879$702,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$313,121$0
Funding fee$1,944$1,944$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.246%7.640%
1st payment$1,951.32$1,951.32$4,860.51
2nd payment$0.00$2,022.24$0.00
Taxes / mo$262.67$262.67$262.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,430.66$4,452.89$5,480.24
Cash to close$391,121$78,000$78,000