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$283,865$283,865$515,250
Remaining term (yrs)23.823.830.0
Secondary amount$0$231,385$0
Funding fee$1,419$1,419$0
Note rate3.210%3.210%7.400%
Blended rate3.210%5.249%7.640%
1st payment$1,418.12$1,418.12$3,567.49
2nd payment$0.00$1,494.36$0.00
Taxes / mo$247.67$247.67$247.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.05
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.45$3,326.81$4,084.87
Cash to close$288,635$57,250$57,250