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$235,658$235,658$539,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$304,252$0
Funding fee$1,178$1,178$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.594%7.42%
1st payment$1,125.88$1,125.88$3,657.54
2nd payment$0.00$1,964.96$0.00
Taxes / mo$151.08$151.08$151.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$12.75$12.75$12.75
Total monthly$1,456.38$3,421.34$4,096.02
Cash to close$364,242$59,990$59,990