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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$321,129$321,129$528,300
Remaining term (yrs)24.124.130.0
Secondary amount$0$207,171$0
Funding fee$1,606$1,606$0
Note rate2.94%2.94%7.18%
Blended rate2.94%4.826%7.42%
1st payment$1,548.22$1,548.22$3,578.89
2nd payment$0.00$1,337.98$0.00
Taxes / mo$185.17$185.17$185.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.66
HOA / mo$80.00$80.00$80.00
Total monthly$1,980.06$3,318.03$4,116.38
Cash to close$265,871$58,700$58,700