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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$216,073$216,073$400,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$184,427$0
Funding fee$1,080$1,080$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.313%7.42%
1st payment$1,048.20$1,048.20$2,713.13
2nd payment$0.00$1,229.52$0.00
Taxes / mo$113.42$113.42$113.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,311.61$2,541.13$3,056.64
Cash to close$228,927$44,500$44,500