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$304,301$304,301$510,930
Remaining term (yrs)23.723.730.0
Secondary amount$0$206,629$0
Funding fee$1,522$1,522$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.927%7.640%
1st payment$1,492.16$1,492.16$3,537.58
2nd payment$0.00$1,334.48$0.00
Taxes / mo$314.25$314.25$314.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.19
HOA / mo$170.00$170.00$170.00
Total monthly$2,143.07$3,477.55$4,290.68
Cash to close$263,399$56,770$56,770