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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$318,532$318,532$418,365
Remaining term (yrs)25.325.330.0
Secondary amount$0$99,833$0
Funding fee$1,593$1,593$0
Note rate3.55%3.55%7.18%
Blended rate3.55%4.851%7.42%
1st payment$1,586.88$1,586.88$2,834.15
2nd payment$0.00$748.75$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.67
HOA / mo$90.00$90.00$90.00
Total monthly$2,041.21$2,789.97$3,372.16
Cash to close$146,318$46,485$46,485