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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$159,511$159,511$630,000
Remaining term (yrs)19.219.230.0
Secondary amount$0$470,489$0
Funding fee$798$798$0
Note rate2.25%2.25%7.18%
Blended rate2.25%6.357%7.42%
1st payment$848.53$848.53$4,267.84
2nd payment$0.00$3,038.58$0.00
Taxes / mo$71.00$71.00$71.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,086.20$4,124.77$4,631.51
Cash to close$540,489$70,000$70,000