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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$248,914$248,914$584,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$335,996$0
Funding fee$1,245$1,245$0
Note rate3.16%3.16%7.18%
Blended rate3.16%5.797%7.42%
1st payment$1,239.91$1,239.91$3,962.38
2nd payment$0.00$2,169.97$0.00
Taxes / mo$219.58$219.58$219.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.16$3,796.14$4,465.62
Cash to close$400,986$64,990$64,990