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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$218,156$218,156$625,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$407,344$0
Funding fee$1,091$1,091$0
Note rate2.77%2.77%7.18%
Blended rate2.77%6.013%7.42%
1st payment$1,030.28$1,030.28$4,237.35
2nd payment$0.00$2,630.76$0.00
Taxes / mo$357.83$357.83$357.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$84.00$84.00$84.00
Total monthly$1,638.78$4,269.54$4,970.95
Cash to close$476,844$69,500$69,500