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$239,320$239,320$485,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$245,780$0
Funding fee$1,197$1,197$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.313%7.640%
1st payment$1,119.12$1,119.12$3,358.73
2nd payment$0.00$1,587.33$0.00
Taxes / mo$187.21$187.21$187.21
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,473.00$3,060.33$3,809.63
Cash to close$299,680$53,900$53,900