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$242,858$242,858$799,200
Remaining term (yrs)23.823.830.0
Secondary amount$0$556,342$0
Funding fee$1,214$1,214$0
Note rate3.160%3.160%7.400%
Blended rate3.160%6.355%7.640%
1st payment$1,206.92$1,206.92$5,533.50
2nd payment$0.00$3,593.04$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$159.84
HOA / mo$18.00$18.00$18.00
Total monthly$1,684.00$5,277.05$6,170.42
Cash to close$645,142$88,800$88,800