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$334,821$334,821$404,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$70,089$0
Funding fee$1,674$1,674$0
Note rate2.93%2.93%7.18%
Blended rate2.93%3.981%7.42%
1st payment$1,582.77$1,582.77$2,743.00
2nd payment$0.00$525.67$0.00
Taxes / mo$319.67$319.67$319.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$178.00$178.00$178.00
Total monthly$2,230.44$2,756.11$3,471.65
Cash to close$115,079$44,990$44,990