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$313,237$313,237$508,410
Remaining term (yrs)22.522.530.0
Secondary amount$0$195,173$0
Funding fee$1,566$1,566$0
Note rate4.060%4.060%7.400%
Blended rate4.060%5.573%7.640%
1st payment$1,763.46$1,763.46$3,520.13
2nd payment$0.00$1,301.16$0.00
Taxes / mo$226.23$226.23$226.23
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,156.36$3,457.51$4,014.71
Cash to close$251,663$56,490$56,490