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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$318,141$318,141$809,009
Remaining term (yrs)13.813.830.0
Secondary amount$0$490,868$0
Funding fee$1,591$1,591$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.258%7.560%
1st payment$2,889.03$2,889.03$5,557.33
2nd payment$0.00$3,170.19$0.00
Taxes / mo$469.00$469.00$469.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.80
HOA / mo$146.00$146.00$146.00
Total monthly$3,720.69$6,890.88$6,550.80
Cash to close$580,758$89,890$89,890