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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$207,040$207,040$400,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$193,460$0
Funding fee$1,035$1,035$0
Note rate3.31%3.31%7.18%
Blended rate3.31%5.575%7.42%
1st payment$1,052.41$1,052.41$2,713.13
2nd payment$0.00$1,289.74$0.00
Taxes / mo$261.83$261.83$261.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$146.00$146.00$146.00
Total monthly$1,610.25$2,899.98$3,351.06
Cash to close$237,960$44,500$44,500