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$294,691$294,691$449,460
Remaining term (yrs)24.724.730.0
Secondary amount$0$154,769$0
Funding fee$1,473$1,473$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.695%7.640%
1st payment$1,397.64$1,397.64$3,111.97
2nd payment$0.00$1,031.79$0.00
Taxes / mo$344.50$344.50$344.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.89
HOA / mo$170.00$170.00$170.00
Total monthly$2,078.81$3,110.61$3,883.03
Cash to close$204,709$49,940$49,940