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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$220,106$220,106$494,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$274,804$0
Funding fee$1,101$1,101$0
Note rate2.93%2.93%7.18%
Blended rate2.93%5.606%7.42%
1st payment$1,062.56$1,062.56$3,352.69
2nd payment$0.00$1,774.77$0.00
Taxes / mo$194.67$194.67$194.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$178.67$178.67$178.67
Total monthly$1,602.57$3,377.34$3,991.68
Cash to close$329,794$54,990$54,990