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$319,174$319,174$418,365
Remaining term (yrs)25.425.430.0
Secondary amount$0$99,191$0
Funding fee$1,596$1,596$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.842%7.640%
1st payment$1,586.88$1,586.88$2,896.67
2nd payment$0.00$743.93$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.67
HOA / mo$90.00$90.00$90.00
Total monthly$2,041.21$2,785.15$3,434.68
Cash to close$145,676$46,485$46,485