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$228,508$228,508$476,100
Remaining term (yrs)9.29.230.0
Secondary amount$0$247,592$0
Funding fee$1,143$1,143$0
Note rate2.280%2.280%7.400%
Blended rate2.280%5.125%7.640%
1st payment$2,266.95$2,266.95$3,296.42
2nd payment$0.00$1,599.03$0.00
Taxes / mo$218.42$218.42$218.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$499.67$499.67$499.67
Total monthly$3,151.71$4,750.74$4,276.39
Cash to close$300,492$52,900$52,900