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$208,756$208,756$539,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$331,154$0
Funding fee$1,044$1,044$0
Note rate3.880%3.880%7.400%
Blended rate3.880%6.254%7.640%
1st payment$1,209.38$1,209.38$3,738.23
2nd payment$0.00$2,138.70$0.00
Taxes / mo$395.00$395.00$395.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.05$3,909.75$4,407.88
Cash to close$391,144$59,990$59,990