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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$317,305$317,305$369,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$51,695$0
Funding fee$1,587$1,587$0
Note rate2.87%2.87%7.18%
Blended rate2.87%3.729%7.42%
1st payment$1,486.72$1,486.72$2,499.73
2nd payment$0.00$387.72$0.00
Taxes / mo$161.67$161.67$161.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$354.00$354.00$354.00
Total monthly$2,152.39$2,540.10$3,239.20
Cash to close$92,695$41,000$41,000