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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$304,056$304,056$463,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$159,444$0
Funding fee$1,520$1,520$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.825%7.42%
1st payment$1,514.59$1,514.59$3,139.91
2nd payment$0.00$1,062.96$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$94.00$94.00$94.00
Total monthly$1,918.26$2,981.22$3,636.28
Cash to close$210,944$51,500$51,500