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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$218,042$218,042$404,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$186,058$0
Funding fee$1,090$1,090$0
Note rate3.74%3.74%7.18%
Blended rate3.74%5.701%7.42%
1st payment$1,168.45$1,168.45$2,737.51
2nd payment$0.00$1,240.38$0.00
Taxes / mo$247.50$247.50$247.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$80.00$80.00$80.00
Total monthly$1,645.95$2,886.33$3,295.83
Cash to close$230,958$44,900$44,900