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$222,343$222,343$517,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$295,067$0
Funding fee$1,112$1,112$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.864%7.640%
1st payment$1,136.04$1,136.04$3,582.44
2nd payment$0.00$1,905.64$0.00
Taxes / mo$419.00$419.00$419.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.71$3,627.35$4,271.59
Cash to close$352,557$57,490$57,490