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$328,856$328,856$341,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,143$0
Funding fee$1,644$1,644$0
Note rate2.86%2.86%7.18%
Blended rate2.86%3.663%7.42%
1st payment$1,532.14$1,532.14$2,316.82
2nd payment$0.00$318.08$0.00
Taxes / mo$161.50$161.50$161.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$251.00$251.00$251.00
Total monthly$2,094.64$2,412.72$2,947.72
Cash to close$51,143$19,000$38,000