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$340,703$340,703$575,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$235,207$0
Funding fee$1,704$1,704$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.916%7.640%
1st payment$1,642.23$1,642.23$3,987.48
2nd payment$0.00$1,519.05$0.00
Taxes / mo$182.92$182.92$182.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,991.81$3,510.86$4,452.25
Cash to close$299,197$63,990$63,990