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$325,221$325,221$463,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$138,279$0
Funding fee$1,626$1,626$0
Note rate2.500%2.500%7.400%
Blended rate2.500%4.141%7.640%
1st payment$1,502.83$1,502.83$3,209.18
2nd payment$0.00$921.86$0.00
Taxes / mo$210.17$210.17$210.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$485.00$485.00$485.00
Total monthly$2,364.66$3,286.52$4,163.71
Cash to close$189,779$51,500$51,500