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$335,584$335,584$404,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$69,326$0
Funding fee$1,678$1,678$0
Note rate2.930%2.930%7.400%
Blended rate2.930%3.969%7.640%
1st payment$1,582.77$1,582.77$2,803.52
2nd payment$0.00$519.94$0.00
Taxes / mo$319.67$319.67$319.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$178.00$178.00$178.00
Total monthly$2,230.44$2,750.38$3,532.16
Cash to close$114,316$44,990$44,990