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$317,168$317,168$472,491
Remaining term (yrs)24.324.330.0
Secondary amount$0$155,323$0
Funding fee$1,586$1,586$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.530%7.640%
1st payment$1,500.44$1,500.44$3,271.43
2nd payment$0.00$1,035.49$0.00
Taxes / mo$437.49$437.49$437.49
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,104.59$3,140.08$3,970.09
Cash to close$207,822$52,499$52,499