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$235,751$235,751$549,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$313,249$0
Funding fee$1,179$1,179$0
Note rate2.88%2.88%7.18%
Blended rate2.88%5.659%7.42%
1st payment$1,132.03$1,132.03$3,719.12
2nd payment$0.00$2,023.07$0.00
Taxes / mo$287.00$287.00$287.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$339.67$339.67$339.67
Total monthly$1,925.37$3,948.44$4,622.25
Cash to close$374,249$61,000$61,000