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$206,523$206,523$742,500
Remaining term (yrs)15.415.430.0
Secondary amount$0$535,977$0
Funding fee$1,033$1,033$0
Note rate3.930%3.930%7.400%
Blended rate3.930%6.687%7.640%
1st payment$1,484.40$1,484.40$5,140.92
2nd payment$0.00$3,461.52$0.00
Taxes / mo$263.00$263.00$263.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$110.00$110.00$110.00
Total monthly$2,074.07$5,535.59$5,879.09
Cash to close$618,477$82,500$82,500