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$297,566$297,566$490,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$192,934$0
Funding fee$1,488$1,488$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.985%7.640%
1st payment$1,455.28$1,455.28$3,396.12
2nd payment$0.00$1,286.23$0.00
Taxes / mo$488.58$488.58$488.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$193.33$193.33$193.33
Total monthly$2,303.86$3,590.08$4,342.80
Cash to close$247,434$54,500$54,500