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$250,233$250,233$1,079,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$828,867$0
Funding fee$1,251$1,251$0
Note rate3.210%3.210%7.400%
Blended rate3.210%6.697%7.640%
1st payment$1,418.46$1,418.46$7,471.47
2nd payment$0.00$5,353.10$0.00
Taxes / mo$506.48$506.48$506.48
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$583.33$583.33$583.33
Total monthly$2,724.94$8,078.04$8,993.77
Cash to close$948,767$119,900$119,900