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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$223,073$223,073$607,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$384,427$0
Funding fee$1,115$1,115$0
Note rate2.87%2.87%7.18%
Blended rate2.87%5.958%7.42%
1st payment$1,070.01$1,070.01$4,115.42
2nd payment$0.00$2,482.76$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$69.67$69.67$69.67
Total monthly$1,473.18$3,955.94$4,640.09
Cash to close$451,927$67,500$67,500