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$212,061$212,061$532,800
Remaining term (yrs)24.024.030.0
Secondary amount$0$320,739$0
Funding fee$1,060$1,060$0
Note rate2.89%2.89%7.18%
Blended rate2.89%5.816%7.42%
1st payment$1,019.37$1,019.37$3,609.37
2nd payment$0.00$2,071.44$0.00
Taxes / mo$237.17$237.17$237.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.56
HOA / mo$416.08$416.08$416.08
Total monthly$1,839.28$3,910.72$4,535.85
Cash to close$379,939$59,200$59,200