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$240,143$240,143$427,410
Remaining term (yrs)16.816.830.0
Secondary amount$0$187,267$0
Funding fee$1,201$1,201$0
Note rate4.460%4.460%7.400%
Blended rate4.460%6.011%7.640%
1st payment$1,686.92$1,686.92$2,959.30
2nd payment$0.00$1,248.45$0.00
Taxes / mo$395.75$395.75$395.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,249.34$3,497.79$3,607.20
Cash to close$234,757$47,490$47,490