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$320,085$320,085$483,300
Remaining term (yrs)25.025.030.0
Secondary amount$0$163,215$0
Funding fee$1,600$1,600$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.609%7.42%
1st payment$1,494.58$1,494.58$3,274.04
2nd payment$0.00$1,088.10$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.66
HOA / mo$144.67$144.67$144.67
Total monthly$2,077.00$3,165.10$3,953.12
Cash to close$216,915$53,700$53,700