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$290,661$290,661$854,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$564,249$0
Funding fee$1,453$1,453$0
Note rate2.180%2.180%7.400%
Blended rate2.180%5.856%7.640%
1st payment$1,251.34$1,251.34$5,919.22
2nd payment$0.00$3,644.11$0.00
Taxes / mo$304.42$304.42$304.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.98
HOA / mo$126.67$126.67$126.67
Total monthly$1,899.10$5,543.21$6,737.96
Cash to close$659,239$94,990$94,990