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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$301,087$301,087$494,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$193,013$0
Funding fee$1,505$1,505$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.929%7.42%
1st payment$1,434.52$1,434.52$3,347.21
2nd payment$0.00$1,286.75$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$110.00$110.00$110.00
Total monthly$1,868.35$3,155.10$3,879.86
Cash to close$247,913$54,900$54,900