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$208,422$208,422$652,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$444,078$0
Funding fee$1,042$1,042$0
Note rate3.070%3.070%7.400%
Blended rate3.070%6.255%7.640%
1st payment$1,026.04$1,026.04$4,517.78
2nd payment$0.00$2,868.01$0.00
Taxes / mo$263.08$263.08$263.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.79$4,373.79$5,128.03
Cash to close$516,578$72,500$72,500