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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$315,969$315,969$387,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$71,031$0
Funding fee$1,580$1,580$0
Note rate2.86%2.86%7.18%
Blended rate2.86%3.987%7.42%
1st payment$1,472.10$1,472.10$2,621.67
2nd payment$0.00$532.73$0.00
Taxes / mo$172.58$172.58$172.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$128.33$128.33$128.33
Total monthly$1,923.01$2,455.74$3,149.99
Cash to close$114,031$43,000$43,000