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$348,647$348,647$629,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$281,263$0
Funding fee$1,743$1,743$0
Note rate2.87%2.87%7.18%
Blended rate2.87%5.049%7.42%
1st payment$1,629.85$1,629.85$4,267.23
2nd payment$0.00$1,816.49$0.00
Taxes / mo$276.83$276.83$276.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$115.00$115.00$115.00
Total monthly$2,188.35$4,004.84$4,951.71
Cash to close$351,253$69,990$69,990