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$287,169$287,169$422,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$135,741$0
Funding fee$1,436$1,436$0
Note rate2.94%2.94%7.18%
Blended rate2.94%4.564%7.42%
1st payment$1,391.10$1,391.10$2,864.94
2nd payment$0.00$904.94$0.00
Taxes / mo$213.33$213.33$213.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$113.00$113.00$113.00
Total monthly$1,884.10$2,789.04$3,442.52
Cash to close$182,731$46,990$46,990