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$323,483$323,483$494,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$171,427$0
Funding fee$1,617$1,617$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.653%7.640%
1st payment$1,507.03$1,507.03$3,426.66
2nd payment$0.00$1,142.85$0.00
Taxes / mo$194.83$194.83$194.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,868.53$3,011.38$3,887.14
Cash to close$226,417$54,990$54,990