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$239,766$239,766$519,999
Remaining term (yrs)19.519.530.0
Secondary amount$0$280,233$0
Funding fee$1,199$1,199$0
Note rate3.870%3.870%7.400%
Blended rate3.870%5.961%7.640%
1st payment$1,456.85$1,456.85$3,600.37
2nd payment$0.00$1,809.84$0.00
Taxes / mo$481.48$481.48$481.48
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,105.00$3,914.83$4,352.52
Cash to close$338,011$57,778$57,778