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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$319,046$319,046$359,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$40,864$0
Funding fee$1,595$1,595$0
Note rate2.78%2.78%7.18%
Blended rate2.78%3.486%7.42%
1st payment$1,487.03$1,487.03$2,438.16
2nd payment$0.00$306.48$0.00
Taxes / mo$145.42$145.42$145.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$167.00$167.00$167.00
Total monthly$1,949.45$2,255.93$2,972.55
Cash to close$80,854$39,990$39,990