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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$313,535$313,535$472,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$158,965$0
Funding fee$1,568$1,568$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.729%7.42%
1st payment$1,485.15$1,485.15$3,200.88
2nd payment$0.00$1,059.77$0.00
Taxes / mo$62.00$62.00$62.00
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$1,713.82$2,773.59$3,524.05
Cash to close$211,465$52,500$52,500