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$235,146$235,146$449,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$214,764$0
Funding fee$1,176$1,176$0
Note rate3.990%3.990%7.400%
Blended rate3.990%5.785%7.640%
1st payment$1,358.99$1,358.99$3,115.09
2nd payment$0.00$1,387.02$0.00
Taxes / mo$294.25$294.25$294.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.91$3,206.93$3,665.98
Cash to close$264,754$49,990$49,990