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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$241,307$241,307$450,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$208,693$0
Funding fee$1,207$1,207$0
Note rate3.08%3.08%7.18%
Blended rate3.08%5.246%7.42%
1st payment$1,167.38$1,167.38$3,048.46
2nd payment$0.00$1,347.81$0.00
Taxes / mo$120.75$120.75$120.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,454.80$2,802.60$3,425.87
Cash to close$258,693$50,000$50,000