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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$309,027$309,027$607,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$298,473$0
Funding fee$1,545$1,545$0
Note rate2.65%2.65%7.18%
Blended rate2.65%5.156%7.42%
1st payment$1,440.60$1,440.60$4,115.42
2nd payment$0.00$1,927.64$0.00
Taxes / mo$117.25$117.25$117.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.51$3,652.15$4,520.83
Cash to close$365,973$67,500$67,500