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$334,722$334,722$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$25,278$0
Funding fee$1,674$1,674$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.235%7.640%
1st payment$1,552.69$1,552.69$2,492.57
2nd payment$0.00$189.58$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$59.00$59.00$59.00
Total monthly$1,902.77$2,092.35$2,914.65
Cash to close$65,278$40,000$40,000