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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$362,156$362,156$616,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$254,344$0
Funding fee$1,811$1,811$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.848%7.560%
1st payment$1,717.74$1,717.74$4,234.93
2nd payment$0.00$1,642.64$0.00
Taxes / mo$372.17$372.17$372.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$144.50$144.50$144.50
Total monthly$2,401.07$4,043.71$5,041.56
Cash to close$322,844$68,500$68,500