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$332,689$332,689$449,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$117,221$0
Funding fee$1,663$1,663$0
Note rate2.910%2.910%7.400%
Blended rate2.910%4.236%7.640%
1st payment$1,598.82$1,598.82$3,115.09
2nd payment$0.00$781.47$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,182.07$2,963.54$3,788.32
Cash to close$167,211$49,990$49,990