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$329,603$329,603$341,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$31,396$0
Funding fee$1,648$1,648$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.644%7.640%
1st payment$1,532.14$1,532.14$2,367.93
2nd payment$0.00$310.69$0.00
Taxes / mo$161.50$161.50$161.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$251.00$251.00$251.00
Total monthly$2,094.64$2,405.33$2,998.83
Cash to close$50,396$19,000$38,000