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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$319,675$319,675$490,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$170,825$0
Funding fee$1,598$1,598$0
Note rate5.520%5.520%7.320%
Blended rate5.520%6.384%7.560%
1st payment$1,934.75$1,934.75$3,369.39
2nd payment$0.00$1,138.83$0.00
Taxes / mo$61.25$61.25$61.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$133.58$133.58$133.58
Total monthly$2,296.25$3,435.08$3,828.99
Cash to close$225,325$54,500$54,500