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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$223,415$223,415$571,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$348,085$0
Funding fee$1,117$1,117$0
Note rate2.77%2.77%7.18%
Blended rate2.77%5.803%7.42%
1st payment$1,055.11$1,055.11$3,871.54
2nd payment$0.00$2,248.05$0.00
Taxes / mo$264.33$264.33$264.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$32.33$32.33$32.33
Total monthly$1,518.44$3,766.49$4,449.17
Cash to close$411,585$63,500$63,500