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$221,697$221,697$581,310
Remaining term (yrs)18.718.730.0
Secondary amount$0$359,613$0
Funding fee$1,108$1,108$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.312%7.42%
1st payment$1,395.66$1,395.66$3,938.00
2nd payment$0.00$2,322.50$0.00
Taxes / mo$321.92$321.92$321.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.26
HOA / mo$59.67$59.67$59.67
Total monthly$1,943.92$4,266.42$4,602.51
Cash to close$424,203$64,590$64,590