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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$344,705$344,705$562,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$217,795$0
Funding fee$1,724$1,724$0
Note rate3.15%3.15%7.18%
Blended rate3.15%4.931%7.42%
1st payment$1,715.28$1,715.28$3,810.57
2nd payment$0.00$1,406.59$0.00
Taxes / mo$272.00$272.00$272.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$180.00$180.00$180.00
Total monthly$2,333.95$3,740.54$4,541.74
Cash to close$280,295$62,500$62,500