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$222,651$222,651$618,300
Remaining term (yrs)23.623.630.0
Secondary amount$0$395,649$0
Funding fee$1,113$1,113$0
Note rate3.310%3.310%7.400%
Blended rate3.310%6.151%7.640%
1st payment$1,129.15$1,129.15$4,280.98
2nd payment$0.00$2,555.23$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.49$4,060.72$4,780.98
Cash to close$464,349$68,700$68,700