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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$240,094$240,094$413,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$173,816$0
Funding fee$1,200$1,200$0
Note rate3.65%3.65%7.18%
Blended rate3.65%5.477%7.42%
1st payment$1,280.89$1,280.89$2,803.97
2nd payment$0.00$1,158.77$0.00
Taxes / mo$177.92$177.92$177.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$50.00$50.00$50.00
Total monthly$1,675.47$2,834.24$3,281.34
Cash to close$219,806$45,990$45,990