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$326,279$326,279$418,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$92,221$0
Funding fee$1,631$1,631$0
Note rate2.91%2.91%7.18%
Blended rate2.91%4.252%7.42%
1st payment$1,575.52$1,575.52$2,835.06
2nd payment$0.00$691.66$0.00
Taxes / mo$295.75$295.75$295.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$144.67$144.67$144.67
Total monthly$2,182.61$2,874.27$3,525.85
Cash to close$138,721$46,500$46,500