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$298,758$298,758$665,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$367,152$0
Funding fee$1,494$1,494$0
Note rate3.41%3.41%7.11%
Blended rate3.41%5.803%7.35%
1st payment$1,723.91$1,723.91$4,479.62
2nd payment$0.00$2,371.19$0.00
Taxes / mo$681.67$681.67$681.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,622.24$4,993.43$5,511.13
Cash to close$441,142$73,990$73,990