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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$304,672$304,672$319,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$32,578$0
Funding fee$1,523$1,523$0
Note rate3.07%3.07%7.18%
Blended rate3.07%3.921%7.42%
1st payment$1,446.32$1,446.32$2,164.40
2nd payment$0.00$322.39$0.00
Taxes / mo$187.83$187.83$187.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$70.00$70.00$70.00
Total monthly$1,854.15$2,176.54$2,636.14
Cash to close$50,328$17,750$35,500