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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$311,888$311,888$471,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$159,712$0
Funding fee$1,559$1,559$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.667%7.42%
1st payment$1,482.58$1,482.58$3,194.78
2nd payment$0.00$1,064.75$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.32
HOA / mo$237.00$237.00$237.00
Total monthly$2,096.91$3,161.66$3,903.44
Cash to close$212,112$52,400$52,400