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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$319,968$319,968$472,496
Remaining term (yrs)24.024.030.0
Secondary amount$0$152,527$0
Funding fee$1,600$1,600$0
Note rate2.89%2.89%7.18%
Blended rate2.89%4.54%7.42%
1st payment$1,538.07$1,538.07$3,200.85
2nd payment$0.00$1,016.85$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.15$2,891.00$3,631.43
Cash to close$205,027$52,500$52,500