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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$358,597$358,597$638,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$280,402$0
Funding fee$1,793$1,793$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.978%7.42%
1st payment$1,704.95$1,704.95$4,328.80
2nd payment$0.00$1,810.93$0.00
Taxes / mo$132.58$132.58$132.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,054.20$3,865.13$4,805.85
Cash to close$351,402$71,000$71,000