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$349,495$349,495$517,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$168,005$0
Funding fee$1,747$1,747$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.718%7.640%
1st payment$1,675.57$1,675.57$3,583.07
2nd payment$0.00$1,120.04$0.00
Taxes / mo$291.83$291.83$291.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$146.00$146.00$146.00
Total monthly$2,280.07$3,400.10$4,291.07
Cash to close$225,505$57,500$57,500