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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$286,305$286,305$427,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$141,195$0
Funding fee$1,432$1,432$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.638%7.42%
1st payment$1,345.68$1,345.68$2,896.03
2nd payment$0.00$941.30$0.00
Taxes / mo$202.92$202.92$202.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,715.27$2,656.57$3,351.12
Cash to close$188,695$47,500$47,500