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$284,469$284,469$449,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$165,441$0
Funding fee$1,422$1,422$0
Note rate6.190%6.190%7.400%
Blended rate6.190%6.856%7.640%
1st payment$1,755.92$1,755.92$3,115.09
2nd payment$0.00$1,102.94$0.00
Taxes / mo$263.33$263.33$263.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$1,121.00$1,121.00$1,121.00
Total monthly$3,306.92$4,409.86$4,756.07
Cash to close$215,431$49,990$49,990