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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$330,452$330,452$390,600
Remaining term (yrs)25.225.230.0
Secondary amount$0$60,148$0
Funding fee$1,652$1,652$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.009%7.42%
1st payment$1,570.48$1,570.48$2,646.06
2nd payment$0.00$451.11$0.00
Taxes / mo$215.92$215.92$215.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$180.00$180.00$180.00
Total monthly$2,116.40$2,567.51$3,270.10
Cash to close$103,548$43,400$43,400