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$334,843$334,843$555,300
Remaining term (yrs)24.224.230.0
Secondary amount$0$220,457$0
Funding fee$1,674$1,674$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.711%7.640%
1st payment$1,567.32$1,567.32$3,844.79
2nd payment$0.00$1,423.79$0.00
Taxes / mo$330.98$330.98$330.98
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.06
HOA / mo$18.75$18.75$18.75
Total monthly$2,083.71$3,507.50$4,472.24
Cash to close$282,157$61,700$61,700