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$325,748$325,748$449,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$123,352$0
Funding fee$1,629$1,629$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.134%7.640%
1st payment$1,514.45$1,514.45$3,109.48
2nd payment$0.00$822.35$0.00
Taxes / mo$254.08$254.08$254.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.20$2,757.55$3,620.05
Cash to close$173,252$49,900$49,900