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$328,084$328,084$454,499
Remaining term (yrs)24.924.930.0
Secondary amount$0$126,415$0
Funding fee$1,640$1,640$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.275%7.42%
1st payment$1,528.65$1,528.65$3,078.94
2nd payment$0.00$842.77$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.90
HOA / mo$48.33$48.33$48.33
Total monthly$1,888.56$2,731.33$3,529.75
Cash to close$176,915$50,500$50,500