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$308,282$308,282$486,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$177,718$0
Funding fee$1,541$1,541$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.765%7.640%
1st payment$1,455.88$1,455.88$3,364.97
2nd payment$0.00$1,184.79$0.00
Taxes / mo$291.12$291.12$291.12
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$49.33$49.33$49.33
Total monthly$1,962.99$3,147.78$3,969.28
Cash to close$231,718$54,000$54,000