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$297,974$297,974$521,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$223,936$0
Funding fee$1,490$1,490$0
Note rate3.150%3.150%7.400%
Blended rate3.150%5.124%7.640%
1st payment$1,482.74$1,482.74$3,613.60
2nd payment$0.00$1,446.26$0.00
Taxes / mo$286.83$286.83$286.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.38
HOA / mo$146.00$146.00$146.00
Total monthly$2,082.24$3,528.50$4,317.48
Cash to close$281,926$57,990$57,990