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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$241,803$241,803$792,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$550,197$0
Funding fee$1,209$1,209$0
Note rate3.07%3.07%7.18%
Blended rate3.07%6.321%7.42%
1st payment$1,193.19$1,193.19$5,365.28
2nd payment$0.00$3,553.35$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$18.00$18.00$18.00
Total monthly$1,670.28$5,223.63$6,000.77
Cash to close$638,197$88,000$88,000