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$316,514$316,514$539,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$223,396$0
Funding fee$1,583$1,583$0
Note rate3.16%3.16%7.18%
Blended rate3.16%5.059%7.42%
1st payment$1,576.65$1,576.65$3,657.54
2nd payment$0.00$1,442.77$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$64.00$64.00$64.00
Total monthly$2,014.07$3,456.83$4,202.94
Cash to close$283,386$59,990$59,990