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$285,822$285,822$341,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$56,088$0
Funding fee$1,429$1,429$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.993%7.640%
1st payment$1,394.88$1,394.88$2,367.32
2nd payment$0.00$420.66$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,729.72$2,150.38$2,770.53
Cash to close$94,078$37,990$37,990