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$242,376$242,376$792,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$549,624$0
Funding fee$1,212$1,212$0
Note rate3.070%3.070%7.400%
Blended rate3.070%6.318%7.640%
1st payment$1,193.19$1,193.19$5,483.65
2nd payment$0.00$3,549.65$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$18.00$18.00$18.00
Total monthly$1,670.28$5,219.93$6,119.13
Cash to close$637,624$88,000$88,000