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$233,192$233,192$485,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$252,807$0
Funding fee$1,166$1,166$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.442%7.640%
1st payment$1,126.93$1,126.93$3,364.96
2nd payment$0.00$1,632.71$0.00
Taxes / mo$234.50$234.50$234.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$230.00$230.00$230.00
Total monthly$1,758.10$3,390.81$4,093.33
Cash to close$306,807$54,000$54,000