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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$288,134$288,134$553,410
Remaining term (yrs)19.319.330.0
Secondary amount$0$265,276$0
Funding fee$1,441$1,441$0
Note rate2.2%2.2%7.18%
Blended rate2.2%4.86%7.42%
1st payment$1,520.61$1,520.61$3,748.99
2nd payment$0.00$1,713.24$0.00
Taxes / mo$307.17$307.17$307.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.68
HOA / mo$146.00$146.00$146.00
Total monthly$2,140.44$3,853.69$4,479.51
Cash to close$326,766$61,490$61,490