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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$314,760$314,760$359,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$44,340$0
Funding fee$1,574$1,574$0
Note rate2.66%2.66%7.18%
Blended rate2.66%3.443%7.42%
1st payment$1,465.33$1,465.33$2,432.67
2nd payment$0.00$332.55$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$105.00$105.00$105.00
Total monthly$1,830.42$2,162.96$2,869.57
Cash to close$84,240$39,900$39,900