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$316,818$316,818$458,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$142,181$0
Funding fee$1,584$1,584$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.369%7.640%
1st payment$1,480.67$1,480.67$3,178.02
2nd payment$0.00$947.87$0.00
Taxes / mo$560.83$560.83$560.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$466.00$466.00$466.00
Total monthly$2,674.17$3,622.04$4,463.32
Cash to close$193,181$51,000$51,000