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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$285,197$285,197$386,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$100,903$0
Funding fee$1,426$1,426$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.639%7.42%
1st payment$1,405.46$1,405.46$2,615.58
2nd payment$0.00$672.69$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$104.00$104.00$104.00
Total monthly$1,775.46$2,448.15$3,062.80
Cash to close$143,803$42,900$42,900