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$327,137$327,137$1,259,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$931,963$0
Funding fee$1,636$1,636$0
Note rate3.290%3.290%7.400%
Blended rate3.290%6.591%7.640%
1st payment$1,659.46$1,659.46$8,717.75
2nd payment$0.00$6,018.93$0.00
Taxes / mo$406.33$406.33$406.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,282.46$8,301.39$9,592.57
Cash to close$1,071,863$139,900$139,900