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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$319,211$319,211$490,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$171,289$0
Funding fee$1,596$1,596$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.386%7.42%
1st payment$1,934.75$1,934.75$3,322.82
2nd payment$0.00$1,141.93$0.00
Taxes / mo$61.25$61.25$61.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$133.58$133.58$133.58
Total monthly$2,296.25$3,438.18$3,782.41
Cash to close$225,789$54,500$54,500