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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$311,220$311,220$507,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$196,380$0
Funding fee$1,556$1,556$0
Note rate3.13%3.13%7.18%
Blended rate3.13%5.014%7.42%
1st payment$1,541.80$1,541.80$3,438.66
2nd payment$0.00$1,309.20$0.00
Taxes / mo$178.42$178.42$178.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.52
HOA / mo$126.00$126.00$126.00
Total monthly$2,012.88$3,322.08$4,011.26
Cash to close$252,780$56,400$56,400