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$239,199$239,199$430,920
Remaining term (yrs)23.723.730.0
Secondary amount$0$191,721$0
Funding fee$1,196$1,196$0
Note rate3.010%3.010%7.400%
Blended rate3.010%5.230%7.640%
1st payment$1,172.93$1,172.93$2,983.60
2nd payment$0.00$1,278.14$0.00
Taxes / mo$110.83$110.83$110.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.18
HOA / mo$68.00$68.00$68.00
Total monthly$1,518.43$2,796.56$3,415.29
Cash to close$239,601$47,880$47,880