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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$339,472$339,472$570,600
Remaining term (yrs)23.723.730.0
Secondary amount$0$231,128$0
Funding fee$1,697$1,697$0
Note rate3.16%3.16%7.18%
Blended rate3.16%5.019%7.42%
1st payment$1,691.01$1,691.01$3,865.44
2nd payment$0.00$1,492.70$0.00
Taxes / mo$236.42$236.42$236.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,094.09$3,586.79$4,382.65
Cash to close$294,528$63,400$63,400