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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$319,941$319,941$364,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$44,559$0
Funding fee$1,600$1,600$0
Note rate3.55%3.55%7.18%
Blended rate3.55%4.216%7.42%
1st payment$1,593.90$1,593.90$2,469.25
2nd payment$0.00$334.19$0.00
Taxes / mo$238.50$238.50$238.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$146.75$146.75$146.75
Total monthly$2,129.15$2,463.35$3,077.40
Cash to close$85,059$40,500$40,500