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$320,721$320,721$404,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$84,278$0
Funding fee$1,604$1,604$0
Note rate2.99%2.99%7.18%
Blended rate2.99%4.241%7.42%
1st payment$1,515.83$1,515.83$2,743.60
2nd payment$0.00$632.08$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,803.08$2,435.17$3,111.85
Cash to close$129,278$45,000$45,000