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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$316,087$316,087$494,010
Remaining term (yrs)24.724.730.0
Secondary amount$0$177,923$0
Funding fee$1,580$1,580$0
Note rate2.9%2.9%7.18%
Blended rate2.9%4.737%7.42%
1st payment$1,489.31$1,489.31$3,346.60
2nd payment$0.00$1,186.15$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.80
HOA / mo$500.00$500.00$500.00
Total monthly$2,367.56$3,553.72$4,323.65
Cash to close$232,813$54,890$54,890