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$293,493$293,493$418,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$125,007$0
Funding fee$1,467$1,467$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.543%7.640%
1st payment$1,393.25$1,393.25$2,897.61
2nd payment$0.00$833.38$0.00
Taxes / mo$236.83$236.83$236.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$155.00$155.00$155.00
Total monthly$1,951.75$2,785.13$3,539.81
Cash to close$171,507$46,500$46,500