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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$288,169$288,169$390,600
Remaining term (yrs)20.720.730.0
Secondary amount$0$102,431$0
Funding fee$1,441$1,441$0
Note rate3%3%7.18%
Blended rate3%4.311%7.42%
1st payment$1,551.56$1,551.56$2,646.06
2nd payment$0.00$682.87$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,812.65$2,495.52$2,985.26
Cash to close$145,831$43,400$43,400