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$230,381$230,381$521,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$290,719$0
Funding fee$1,152$1,152$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.606%7.640%
1st payment$1,105.97$1,105.97$3,607.99
2nd payment$0.00$1,877.56$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$170.00$170.00$170.00
Total monthly$1,925.14$3,802.70$4,531.38
Cash to close$348,619$57,900$57,900