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$293,169$293,169$346,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$53,331$0
Funding fee$1,466$1,466$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.033%7.640%
1st payment$1,445.61$1,445.61$2,399.10
2nd payment$0.00$399.98$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$494.00$494.00$494.00
Total monthly$2,410.45$2,810.43$3,433.23
Cash to close$91,831$38,500$38,500