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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$306,965$306,965$742,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$435,535$0
Funding fee$1,535$1,535$0
Note rate4.2%4.2%7.18%
Blended rate4.2%6.282%7.42%
1st payment$2,021.49$2,021.49$5,029.95
2nd payment$0.00$2,812.83$0.00
Taxes / mo$395.50$395.50$395.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$151.67$151.67$151.67
Total monthly$2,785.33$5,598.15$5,942.29
Cash to close$518,035$82,500$82,500