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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$309,135$309,135$706,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$397,365$0
Funding fee$1,546$1,546$0
Note rate2.77%2.77%7.18%
Blended rate2.77%5.571%7.42%
1st payment$1,432.55$1,432.55$4,786.08
2nd payment$0.00$2,566.32$0.00
Taxes / mo$234.33$234.33$234.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$115.00$115.00$115.00
Total monthly$1,998.55$4,564.87$5,493.38
Cash to close$475,865$78,500$78,500