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$310,751$310,751$350,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$39,349$0
Funding fee$1,554$1,554$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.621%7.640%
1st payment$1,498.19$1,498.19$2,424.02
2nd payment$0.00$295.11$0.00
Taxes / mo$347.17$347.17$347.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$281.00$281.00$281.00
Total monthly$2,276.35$2,571.47$3,272.21
Cash to close$78,249$38,900$38,900