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$312,320$312,320$404,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$91,780$0
Funding fee$1,562$1,562$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.440%7.640%
1st payment$1,484.31$1,484.31$2,797.91
2nd payment$0.00$688.35$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$145.00$145.00$145.00
Total monthly$1,895.98$2,584.33$3,290.39
Cash to close$136,680$44,900$44,900