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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$324,718$324,718$505,800
Remaining term (yrs)25.325.330.0
Secondary amount$0$181,082$0
Funding fee$1,624$1,624$0
Note rate3.12%3.12%7.18%
Blended rate3.12%4.867%7.42%
1st payment$1,543.31$1,543.31$3,426.47
2nd payment$0.00$1,207.21$0.00
Taxes / mo$200.25$200.25$200.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.16
HOA / mo$215.00$215.00$215.00
Total monthly$2,125.23$3,332.44$4,109.54
Cash to close$237,282$56,200$56,200