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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$308,504$308,504$373,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$64,996$0
Funding fee$1,543$1,543$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.061%7.42%
1st payment$1,510.76$1,510.76$2,530.22
2nd payment$0.00$487.47$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,781.42$2,268.89$2,875.59
Cash to close$106,496$41,500$41,500