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$325,891$325,891$440,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$114,209$0
Funding fee$1,629$1,629$0
Note rate2.86%2.86%7.18%
Blended rate2.86%4.194%7.42%
1st payment$1,521.78$1,521.78$2,981.39
2nd payment$0.00$761.40$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$88.02
HOA / mo$120.00$120.00$120.00
Total monthly$1,821.78$2,583.18$3,369.41
Cash to close$163,109$48,900$48,900