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$240,643$240,643$413,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$173,267$0
Funding fee$1,203$1,203$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.471%7.640%
1st payment$1,280.89$1,280.89$2,865.83
2nd payment$0.00$1,155.11$0.00
Taxes / mo$177.92$177.92$177.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$50.00$50.00$50.00
Total monthly$1,675.47$2,830.58$3,343.19
Cash to close$219,257$45,990$45,990