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$300,656$300,656$324,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$41,344$0
Funding fee$1,503$1,503$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.117%7.640%
1st payment$1,421.00$1,421.00$2,243.31
2nd payment$0.00$409.14$0.00
Taxes / mo$104.17$104.17$104.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$64.00$64.00$64.00
Total monthly$1,739.17$2,148.30$2,626.28
Cash to close$59,344$18,000$36,000