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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$245,372$245,372$607,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$362,128$0
Funding fee$1,227$1,227$0
Note rate3.72%3.72%7.18%
Blended rate3.72%6.122%7.42%
1st payment$1,309.34$1,309.34$4,115.42
2nd payment$0.00$2,338.74$0.00
Taxes / mo$267.42$267.42$267.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$125.00$125.00$125.00
Total monthly$1,868.42$4,207.16$4,796.00
Cash to close$429,628$67,500$67,500