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$349,377$349,377$603,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$253,623$0
Funding fee$1,747$1,747$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.357%7.640%
1st payment$1,841.49$1,841.49$4,175.05
2nd payment$0.00$1,637.98$0.00
Taxes / mo$182.58$182.58$182.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$56.67$56.67$56.67
Total monthly$2,247.41$3,885.39$4,701.57
Cash to close$320,623$67,000$67,000