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$301,901$301,901$404,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$103,009$0
Funding fee$1,510$1,510$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.130%7.640%
1st payment$1,418.40$1,418.40$2,803.52
2nd payment$0.00$686.73$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$13.00$13.00$13.00
Total monthly$1,664.65$2,351.37$3,130.75
Cash to close$147,999$44,990$44,990