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$209,029$209,029$809,996
Remaining term (yrs)16.316.330.0
Secondary amount$0$600,966$0
Funding fee$1,045$1,045$0
Note rate3.57%3.57%7.24%
Blended rate3.57%6.671%7.48%
1st payment$1,403.73$1,403.73$5,520.10
2nd payment$0.00$3,881.24$0.00
Taxes / mo$338.42$338.42$338.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.81$5,840.05$6,237.19
Cash to close$690,966$90,000$90,000