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$289,124$289,124$566,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$277,786$0
Funding fee$1,446$1,446$0
Note rate2.200%2.200%7.400%
Blended rate2.200%4.919%7.640%
1st payment$1,520.61$1,520.61$3,925.17
2nd payment$0.00$1,794.03$0.00
Taxes / mo$307.17$307.17$307.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$146.00$146.00$146.00
Total monthly$2,140.44$3,934.48$4,658.39
Cash to close$340,776$62,990$62,990