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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$308,959$308,959$508,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$199,541$0
Funding fee$1,545$1,545$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.883%7.42%
1st payment$1,441.03$1,441.03$3,444.76
2nd payment$0.00$1,330.28$0.00
Taxes / mo$144.83$144.83$144.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$120.00$120.00$120.00
Total monthly$1,872.53$3,202.81$3,977.96
Cash to close$256,041$56,500$56,500