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$309,255$309,255$319,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$27,995$0
Funding fee$1,546$1,546$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.627%7.640%
1st payment$1,444.01$1,444.01$2,212.15
2nd payment$0.00$277.03$0.00
Taxes / mo$135.33$135.33$135.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$98.00$98.00$98.00
Total monthly$1,827.34$2,104.38$2,659.39
Cash to close$45,745$17,750$35,500