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$335,598$335,598$395,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$59,502$0
Funding fee$1,678$1,678$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.734%7.640%
1st payment$1,553.18$1,553.18$2,735.59
2nd payment$0.00$446.27$0.00
Taxes / mo$128.82$128.82$128.82
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.00$2,278.27$3,093.43
Cash to close$103,402$43,900$43,900