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$338,946$338,946$467,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$128,964$0
Funding fee$1,695$1,695$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.364%7.640%
1st payment$1,589.59$1,589.59$3,239.71
2nd payment$0.00$859.76$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.09$2,738.85$3,622.80
Cash to close$180,954$51,990$51,990