VA Real Estate Team
Call Stephen

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$245,411$245,411$391,499
Remaining term (yrs)19.819.830.0
Secondary amount$0$146,088$0
Funding fee$1,227$1,227$0
Note rate2.280%2.280%7.400%
Blended rate2.280%4.414%7.640%
1st payment$1,278.51$1,278.51$2,710.66
2nd payment$0.00$973.92$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.76$2,539.68$3,076.21
Cash to close$189,588$43,500$43,500