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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$246,045$246,045$463,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$217,455$0
Funding fee$1,230$1,230$0
Note rate3.47%3.47%7.18%
Blended rate3.47%5.478%7.42%
1st payment$1,271.43$1,271.43$3,139.91
2nd payment$0.00$1,404.40$0.00
Taxes / mo$178.33$178.33$178.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$108.33$108.33$108.33
Total monthly$1,724.76$3,129.16$3,685.94
Cash to close$268,955$51,500$51,500