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$229,276$229,276$593,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$363,824$0
Funding fee$1,146$1,146$0
Note rate3.010%3.010%7.400%
Blended rate3.010%5.918%7.640%
1st payment$1,113.67$1,113.67$4,106.50
2nd payment$0.00$2,349.69$0.00
Taxes / mo$153.25$153.25$153.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$1.67$1.67$1.67
Total monthly$1,435.25$3,784.95$4,546.71
Cash to close$429,724$65,900$65,900