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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$236,153$236,153$539,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$302,947$0
Funding fee$1,181$1,181$0
Note rate3.62%3.62%7.18%
Blended rate3.62%5.941%7.42%
1st payment$1,247.52$1,247.52$3,652.05
2nd payment$0.00$1,956.53$0.00
Taxes / mo$152.00$152.00$152.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,566.19$3,522.72$4,078.54
Cash to close$362,847$59,900$59,900