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$238,119$238,119$468,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$229,881$0
Funding fee$1,191$1,191$0
Note rate3.920%3.920%7.400%
Blended rate3.920%5.801%7.640%
1st payment$1,457.19$1,457.19$3,240.34
2nd payment$0.00$1,484.65$0.00
Taxes / mo$228.75$228.75$228.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$40.00$40.00$40.00
Total monthly$1,892.60$3,377.25$3,769.35
Cash to close$281,881$52,000$52,000