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$307,581$307,581$359,816
Remaining term (yrs)25.125.130.0
Secondary amount$0$52,234$0
Funding fee$1,538$1,538$0
Note rate2.98%2.98%7.18%
Blended rate2.98%3.854%7.42%
1st payment$1,445.68$1,445.68$2,437.52
2nd payment$0.00$391.76$0.00
Taxes / mo$494.25$494.25$494.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.93$2,481.69$3,153.73
Cash to close$92,214$39,980$39,980