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$344,907$344,907$485,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$141,003$0
Funding fee$1,725$1,725$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.217%7.640%
1st payment$1,584.45$1,584.45$3,364.34
2nd payment$0.00$940.02$0.00
Taxes / mo$263.17$263.17$263.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$110.00$110.00$110.00
Total monthly$2,124.28$3,064.31$4,001.36
Cash to close$194,993$53,990$53,990