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$248,837$248,837$567,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$318,163$0
Funding fee$1,244$1,244$0
Note rate3.280%3.280%7.400%
Blended rate3.280%5.788%7.640%
1st payment$1,258.04$1,258.04$3,925.79
2nd payment$0.00$2,054.80$0.00
Taxes / mo$218.75$218.75$218.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,643.45$3,698.26$4,424.61
Cash to close$381,163$63,000$63,000