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$322,110$322,110$675,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$352,890$0
Funding fee$1,611$1,611$0
Note rate3.490%3.490%7.400%
Blended rate3.490%5.717%7.640%
1st payment$1,695.08$1,695.08$4,673.56
2nd payment$0.00$2,279.08$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,022.83$4,301.91$5,136.31
Cash to close$427,890$75,000$75,000