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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$229,682$229,682$360,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$130,318$0
Funding fee$1,148$1,148$0
Note rate4.2%4.2%7.18%
Blended rate4.2%5.576%7.42%
1st payment$1,310.57$1,310.57$2,438.77
2nd payment$0.00$868.79$0.00
Taxes / mo$189.75$189.75$189.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,650.32$2,519.10$2,850.52
Cash to close$170,318$40,000$40,000