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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$204,207$204,207$490,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$286,293$0
Funding fee$1,021$1,021$0
Note rate2.91%2.91%7.18%
Blended rate2.91%5.735%7.42%
1st payment$986.07$986.07$3,322.82
2nd payment$0.00$1,848.98$0.00
Taxes / mo$160.00$160.00$160.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$114.00$114.00$114.00
Total monthly$1,426.73$3,275.71$3,861.58
Cash to close$340,793$54,500$54,500