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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$299,999$299,999$324,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$42,001$0
Funding fee$1,500$1,500$0
Note rate3.05%3.05%7.18%
Blended rate3.05%4.134%7.42%
1st payment$1,421.00$1,421.00$2,194.89
2nd payment$0.00$415.64$0.00
Taxes / mo$104.17$104.17$104.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$64.00$64.00$64.00
Total monthly$1,739.17$2,154.80$2,577.86
Cash to close$60,001$18,000$36,000