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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$248,252$248,252$418,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$170,248$0
Funding fee$1,241$1,241$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.17%7.42%
1st payment$1,248.59$1,248.59$2,835.06
2nd payment$0.00$1,134.99$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$60.00$60.00$60.00
Total monthly$1,666.92$2,801.91$3,337.10
Cash to close$216,748$46,500$46,500