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$219,645$219,645$571,500
Remaining term (yrs)17.017.030.0
Secondary amount$0$351,855$0
Funding fee$1,098$1,098$0
Note rate4.270%4.270%7.400%
Blended rate4.270%6.413%7.640%
1st payment$1,511.14$1,511.14$3,956.95
2nd payment$0.00$2,272.40$0.00
Taxes / mo$439.92$439.92$439.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$50.00$50.00$50.00
Total monthly$2,167.72$4,440.12$4,727.83
Cash to close$415,355$63,500$63,500