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$314,445$314,445$382,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$68,055$0
Funding fee$1,572$1,572$0
Note rate2.500%2.500%7.400%
Blended rate2.500%3.656%7.640%
1st payment$1,434.94$1,434.94$2,648.35
2nd payment$0.00$510.41$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,800.02$2,310.43$3,089.94
Cash to close$110,555$42,500$42,500