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$209,809$209,809$809,996
Remaining term (yrs)16.416.430.0
Secondary amount$0$600,186$0
Funding fee$1,049$1,049$0
Note rate3.570%3.570%7.400%
Blended rate3.570%6.667%7.640%
1st payment$1,403.73$1,403.73$5,608.25
2nd payment$0.00$3,876.20$0.00
Taxes / mo$357.33$357.33$357.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,977.73$5,853.93$6,344.24
Cash to close$690,186$90,000$90,000