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$217,418$217,418$620,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$403,492$0
Funding fee$1,087$1,087$0
Note rate2.940%2.940%7.400%
Blended rate2.940%6.066%7.640%
1st payment$1,017.38$1,017.38$4,299.06
2nd payment$0.00$2,605.88$0.00
Taxes / mo$352.08$352.08$352.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.13$4,142.02$4,941.99
Cash to close$472,482$68,990$68,990