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$242,568$242,568$787,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$544,932$0
Funding fee$1,213$1,213$0
Note rate4.400%4.400%7.400%
Blended rate4.400%6.718%7.640%
1st payment$1,452.21$1,452.21$5,452.49
2nd payment$0.00$3,519.35$0.00
Taxes / mo$233.17$233.17$233.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$66.67$66.67$66.67
Total monthly$1,968.71$5,488.06$6,126.49
Cash to close$632,432$87,500$87,500