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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$212,624$212,624$508,299
Remaining term (yrs)26.226.230.0
Secondary amount$0$295,675$0
Funding fee$1,063$1,063$0
Note rate6.42%6.42%7.18%
Blended rate6.42%7.194%7.42%
1st payment$1,396.17$1,396.17$3,443.40
2nd payment$0.00$1,909.57$0.00
Taxes / mo$191.00$191.00$191.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.66
HOA / mo$153.00$153.00$153.00
Total monthly$1,906.84$3,816.40$4,055.72
Cash to close$352,153$56,478$56,478