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$335,572$335,572$359,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$44,333$0
Funding fee$1,678$1,678$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.027%7.640%
1st payment$1,578.99$1,578.99$2,491.94
2nd payment$0.00$438.71$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$150.00$150.00$150.00
Total monthly$2,083.16$2,521.87$3,068.09
Cash to close$64,328$19,995$39,990