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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$245,612$245,612$724,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$478,888$0
Funding fee$1,228$1,228$0
Note rate3.13%3.13%7.18%
Blended rate3.13%6.184%7.42%
1st payment$1,219.63$1,219.63$4,908.02
2nd payment$0.00$3,092.82$0.00
Taxes / mo$223.83$223.83$223.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.90
HOA / mo$32.25$32.25$32.25
Total monthly$1,692.38$4,785.20$5,525.67
Cash to close$559,388$80,500$80,500