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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$430,258$430,258$1,102,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$672,242$0
Funding fee$2,151$2,151$0
Note rate3.300%3.300%7.320%
Blended rate3.300%6.013%7.560%
1st payment$2,184.81$2,184.81$7,573.41
2nd payment$0.00$4,341.56$0.00
Taxes / mo$349.67$349.67$349.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,751.15$7,092.71$8,360.24
Cash to close$794,742$122,500$122,500