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$252,773$252,773$585,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$332,227$0
Funding fee$1,264$1,264$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.650%7.640%
1st payment$1,212.17$1,212.17$4,050.42
2nd payment$0.00$2,145.63$0.00
Taxes / mo$149.08$149.08$149.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,527.92$3,673.55$4,483.17
Cash to close$397,227$65,000$65,000