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$319,799$319,799$808,650
Remaining term (yrs)21.521.530.0
Secondary amount$0$488,851$0
Funding fee$1,599$1,599$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.879%7.640%
1st payment$1,682.07$1,682.07$5,598.93
2nd payment$0.00$3,157.16$0.00
Taxes / mo$435.17$435.17$435.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.73
HOA / mo$236.67$236.67$236.67
Total monthly$2,570.57$5,727.73$6,649.16
Cash to close$578,701$89,850$89,850