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$270,391$270,391$854,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$584,519$0
Funding fee$1,352$1,352$0
Note rate3.450%3.450%7.400%
Blended rate3.450%6.390%7.640%
1st payment$1,400.78$1,400.78$5,919.22
2nd payment$0.00$3,775.02$0.00
Taxes / mo$219.25$219.25$219.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.98
HOA / mo$56.00$56.00$56.00
Total monthly$1,892.70$5,667.71$6,582.12
Cash to close$679,509$94,990$94,990