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$296,219$296,219$395,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$99,691$0
Funding fee$1,481$1,481$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.473%7.640%
1st payment$1,403.36$1,403.36$2,741.20
2nd payment$0.00$747.69$0.00
Taxes / mo$526.50$526.50$526.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.86$2,827.54$3,496.88
Cash to close$143,681$43,990$43,990