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$282,334$282,334$1,215,000
Remaining term (yrs)15.015.030.0
Secondary amount$0$932,666$0
Funding fee$1,412$1,412$0
Note rate4.220%4.220%7.400%
Blended rate4.220%6.930%7.640%
1st payment$2,111.26$2,111.26$8,412.41
2nd payment$0.00$6,023.47$0.00
Taxes / mo$620.17$620.17$620.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$232.33$232.33$232.33
Total monthly$3,180.42$9,203.89$9,724.58
Cash to close$1,067,666$135,000$135,000