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$213,938$213,938$985,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$771,562$0
Funding fee$1,070$1,070$0
Note rate2.950%2.950%7.400%
Blended rate2.950%6.708%7.640%
1st payment$1,015.86$1,015.86$6,823.40
2nd payment$0.00$4,983.00$0.00
Taxes / mo$912.50$912.50$912.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.10
HOA / mo$145.00$145.00$145.00
Total monthly$2,290.03$7,273.03$8,294.67
Cash to close$881,062$109,500$109,500