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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$238,734$238,734$694,800
Remaining term (yrs)19.619.630.0
Secondary amount$0$456,066$0
Funding fee$1,194$1,194$0
Note rate3.6%3.6%7.18%
Blended rate3.6%6.324%7.42%
1st payment$1,408.95$1,408.95$4,706.82
2nd payment$0.00$2,945.43$0.00
Taxes / mo$89.08$89.08$89.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.96
HOA / mo$10.00$10.00$10.00
Total monthly$1,724.70$4,670.12$5,161.53
Cash to close$533,266$77,200$77,200