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$334,216$334,216$534,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$200,384$0
Funding fee$1,671$1,671$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.880%7.640%
1st payment$1,660.94$1,660.94$3,701.46
2nd payment$0.00$1,294.15$0.00
Taxes / mo$331.00$331.00$331.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,158.60$3,452.75$4,306.05
Cash to close$259,784$59,400$59,400