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$283,909$283,909$346,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$62,591$0
Funding fee$1,420$1,420$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.166%7.640%
1st payment$1,349.29$1,349.29$2,399.10
2nd payment$0.00$469.43$0.00
Taxes / mo$82.83$82.83$82.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$51.00$51.00$51.00
Total monthly$1,633.12$2,102.55$2,752.23
Cash to close$101,091$38,500$38,500