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$292,187$292,187$413,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$120,913$0
Funding fee$1,461$1,461$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.343%7.640%
1st payment$1,388.86$1,388.86$2,860.22
2nd payment$0.00$806.09$0.00
Taxes / mo$57.58$57.58$57.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.62
HOA / mo$16.67$16.67$16.67
Total monthly$1,629.78$2,435.86$3,183.76
Cash to close$166,813$45,900$45,900