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$284,230$284,230$449,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$164,870$0
Funding fee$1,421$1,421$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.817%7.640%
1st payment$1,352.58$1,352.58$3,109.48
2nd payment$0.00$1,099.13$0.00
Taxes / mo$175.25$175.25$175.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$132.00$132.00$132.00
Total monthly$1,826.50$2,925.63$3,673.21
Cash to close$214,770$49,900$49,900