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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$305,315$305,315$414,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$108,685$0
Funding fee$1,527$1,527$0
Note rate2.78%2.78%7.18%
Blended rate2.78%4.15%7.42%
1st payment$1,416.42$1,416.42$2,804.58
2nd payment$0.00$724.56$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,764.84$2,489.40$3,235.80
Cash to close$154,685$46,000$46,000