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$266,218$266,218$713,700
Remaining term (yrs)24.524.530.0
Secondary amount$0$447,482$0
Funding fee$1,331$1,331$0
Note rate3.08%3.08%7.18%
Blended rate3.08%6.008%7.42%
1st payment$1,287.89$1,287.89$4,834.85
2nd payment$0.00$2,889.99$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.39$4,572.38$5,372.09
Cash to close$526,782$79,300$79,300