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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$313,665$313,665$382,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$68,835$0
Funding fee$1,568$1,568$0
Note rate2.5%2.5%7.18%
Blended rate2.5%3.67%7.42%
1st payment$1,434.94$1,434.94$2,591.19
2nd payment$0.00$516.26$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,800.02$2,316.28$3,032.77
Cash to close$111,335$42,500$42,500