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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$288,642$288,642$382,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$93,768$0
Funding fee$1,443$1,443$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.486%7.42%
1st payment$1,377.95$1,377.95$2,590.58
2nd payment$0.00$703.26$0.00
Taxes / mo$137.00$137.00$137.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$38.33$38.33$38.33
Total monthly$1,703.28$2,406.54$2,992.39
Cash to close$136,258$42,490$42,490