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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$289,581$289,581$373,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$83,919$0
Funding fee$1,448$1,448$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.247%7.42%
1st payment$1,353.73$1,353.73$2,530.22
2nd payment$0.00$629.39$0.00
Taxes / mo$256.92$256.92$256.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$135.00$135.00$135.00
Total monthly$1,895.64$2,525.03$3,146.84
Cash to close$125,419$41,500$41,500