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$334,947$334,947$359,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$25,052$0
Funding fee$1,675$1,675$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.427%7.640%
1st payment$1,583.04$1,583.04$2,492.56
2nd payment$0.00$187.89$0.00
Taxes / mo$114.83$114.83$114.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$300.00$300.00$300.00
Total monthly$2,147.87$2,335.76$3,129.39
Cash to close$65,052$40,000$40,000