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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$311,100$311,100$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$48,900$0
Funding fee$1,555$1,555$0
Note rate3.01%3.01%7.18%
Blended rate3.01%3.824%7.42%
1st payment$1,473.60$1,473.60$2,438.77
2nd payment$0.00$366.75$0.00
Taxes / mo$198.33$198.33$198.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$87.00$87.00$87.00
Total monthly$1,908.93$2,275.68$2,946.10
Cash to close$88,900$40,000$40,000