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$308,561$308,561$539,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$231,349$0
Funding fee$1,543$1,543$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.995%7.640%
1st payment$1,507.65$1,507.65$3,738.23
2nd payment$0.00$1,494.13$0.00
Taxes / mo$554.25$554.25$554.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$534.67$534.67$534.67
Total monthly$2,763.24$4,257.36$5,101.80
Cash to close$291,339$59,990$59,990