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$218,267$218,267$414,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$195,733$0
Funding fee$1,091$1,091$0
Note rate3.460%3.460%7.400%
Blended rate3.460%5.606%7.640%
1st payment$1,257.75$1,257.75$2,866.45
2nd payment$0.00$1,304.89$0.00
Taxes / mo$222.75$222.75$222.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$158.00$158.00$158.00
Total monthly$1,805.16$3,110.05$3,496.67
Cash to close$241,733$46,000$46,000