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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$310,941$310,941$413,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$102,969$0
Funding fee$1,555$1,555$0
Note rate2.95%2.95%7.18%
Blended rate2.95%4.206%7.42%
1st payment$1,476.47$1,476.47$2,803.97
2nd payment$0.00$686.46$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$66.00$66.00$66.00
Total monthly$1,841.22$2,527.68$3,251.50
Cash to close$148,959$45,990$45,990