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$316,643$316,643$585,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$268,357$0
Funding fee$1,583$1,583$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.125%7.640%
1st payment$1,488.52$1,488.52$4,050.42
2nd payment$0.00$1,733.14$0.00
Taxes / mo$114.58$114.58$114.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$163.00$163.00$163.00
Total monthly$1,932.77$3,665.91$4,611.67
Cash to close$333,357$65,000$65,000