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$210,888$210,888$576,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$365,112$0
Funding fee$1,054$1,054$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.971%7.640%
1st payment$1,004.15$1,004.15$3,988.11
2nd payment$0.00$2,358.01$0.00
Taxes / mo$162.00$162.00$162.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$79.00$79.00$79.00
Total monthly$1,411.82$3,769.83$4,510.97
Cash to close$429,112$64,000$64,000