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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$281,216$281,216$1,215,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$933,784$0
Funding fee$1,406$1,406$0
Note rate4.22%4.22%7.18%
Blended rate4.22%6.933%7.42%
1st payment$2,111.26$2,111.26$8,230.83
2nd payment$0.00$6,030.69$0.00
Taxes / mo$620.17$620.17$620.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$232.33$232.33$232.33
Total monthly$3,180.42$9,211.11$9,543.00
Cash to close$1,068,784$135,000$135,000