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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$297,273$297,273$521,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$224,637$0
Funding fee$1,486$1,486$0
Note rate3.15%3.15%7.18%
Blended rate3.15%5.13%7.42%
1st payment$1,482.74$1,482.74$3,535.60
2nd payment$0.00$1,450.78$0.00
Taxes / mo$286.83$286.83$286.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.38
HOA / mo$146.00$146.00$146.00
Total monthly$2,082.24$3,533.02$4,239.48
Cash to close$282,627$57,990$57,990