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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$303,712$303,712$323,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$38,287$0
Funding fee$1,519$1,519$0
Note rate2.875%2.875%7.18%
Blended rate2.875%3.883%7.42%
1st payment$1,430.38$1,430.38$2,194.88
2nd payment$0.00$378.88$0.00
Taxes / mo$176.58$176.58$176.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$66.67$66.67$66.67
Total monthly$1,823.64$2,202.52$2,652.94
Cash to close$56,287$18,000$36,000