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$330,198$330,198$467,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$136,902$0
Funding fee$1,651$1,651$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.352%7.640%
1st payment$1,574.99$1,574.99$3,234.11
2nd payment$0.00$912.68$0.00
Taxes / mo$163.50$163.50$163.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.42
HOA / mo$131.00$131.00$131.00
Total monthly$2,036.16$2,948.84$3,788.69
Cash to close$188,802$51,900$51,900