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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$271,108$271,108$575,100
Remaining term (yrs)20.620.630.0
Secondary amount$0$303,992$0
Funding fee$1,356$1,356$0
Note rate4.05%4.05%7.18%
Blended rate4.05%6.006%7.42%
1st payment$1,611.35$1,611.35$3,895.93
2nd payment$0.00$1,963.28$0.00
Taxes / mo$243.42$243.42$243.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.02
HOA / mo$128.00$128.00$128.00
Total monthly$2,149.44$4,112.71$4,549.03
Cash to close$367,892$63,900$63,900