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$242,068$242,068$418,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$176,432$0
Funding fee$1,210$1,210$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.548%7.640%
1st payment$1,228.76$1,228.76$2,897.61
2nd payment$0.00$1,176.22$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,553.84$2,730.06$3,306.39
Cash to close$222,932$46,500$46,500