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$293,802$293,802$355,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$61,698$0
Funding fee$1,469$1,469$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.008%7.640%
1st payment$1,429.67$1,429.67$2,461.41
2nd payment$0.00$462.73$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$4.08$4.08$4.08
Total monthly$1,680.42$2,143.15$2,783.26
Cash to close$101,198$39,500$39,500