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$292,084$292,084$566,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$274,826$0
Funding fee$1,460$1,460$0
Note rate3.080%3.080%7.400%
Blended rate3.080%5.344%7.640%
1st payment$1,409.83$1,409.83$3,925.17
2nd payment$0.00$1,774.92$0.00
Taxes / mo$417.17$417.17$417.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$58.25$58.25$58.25
Total monthly$2,051.91$3,826.83$4,680.64
Cash to close$337,816$62,990$62,990