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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$298,218$298,218$465,750
Remaining term (yrs)24.024.030.0
Secondary amount$0$167,532$0
Funding fee$1,491$1,491$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.715%7.42%
1st payment$1,430.46$1,430.46$3,155.15
2nd payment$0.00$1,116.88$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.15
HOA / mo$92.00$92.00$92.00
Total monthly$1,887.87$3,004.76$3,705.72
Cash to close$219,282$51,750$51,750