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$183,260$183,260$423,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$239,740$0
Funding fee$916$916$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.662%7.640%
1st payment$1,052.56$1,052.56$2,928.77
2nd payment$0.00$1,548.32$0.00
Taxes / mo$61.17$61.17$61.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.40$2,828.72$3,241.20
Cash to close$286,740$47,000$47,000