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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$440,237$440,237$612,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$171,763$0
Funding fee$2,201$2,201$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.475%7.42%
1st payment$2,096.79$2,096.79$4,145.90
2nd payment$0.00$1,145.09$0.00
Taxes / mo$175.42$175.42$175.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,438.87$3,583.96$4,610.38
Cash to close$239,763$68,000$68,000