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$302,798$302,798$522,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$219,202$0
Funding fee$1,514$1,514$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.128%7.640%
1st payment$1,519.38$1,519.38$3,614.22
2nd payment$0.00$1,415.68$0.00
Taxes / mo$188.00$188.00$188.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.05$3,289.73$4,073.29
Cash to close$277,202$58,000$58,000