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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$328,722$328,722$359,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$30,378$0
Funding fee$1,644$1,644$0
Note rate3.1%3.1%7.18%
Blended rate3.1%3.599%7.42%
1st payment$1,562.26$1,562.26$2,432.67
2nd payment$0.00$227.83$0.00
Taxes / mo$280.28$280.28$280.28
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$8.00$8.00$8.00
Total monthly$2,000.54$2,228.38$2,942.77
Cash to close$70,278$39,900$39,900