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$330,024$330,024$485,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$155,886$0
Funding fee$1,650$1,650$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.523%7.42%
1st payment$1,548.02$1,548.02$3,291.72
2nd payment$0.00$1,039.24$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$146.00$146.00$146.00
Total monthly$2,073.44$3,112.68$3,914.32
Cash to close$209,876$53,990$53,990