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$334,697$334,697$571,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$236,713$0
Funding fee$1,673$1,673$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.956%7.640%
1st payment$1,624.37$1,624.37$3,956.33
2nd payment$0.00$1,528.77$0.00
Taxes / mo$165.75$165.75$165.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.28
HOA / mo$20.83$20.83$20.83
Total monthly$1,977.61$3,506.39$4,423.86
Cash to close$300,203$63,490$63,490