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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$345,025$345,025$477,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$131,975$0
Funding fee$1,725$1,725$0
Note rate3.13%3.13%7.18%
Blended rate3.13%4.477%7.42%
1st payment$1,678.14$1,678.14$3,231.36
2nd payment$0.00$879.83$0.00
Taxes / mo$138.42$138.42$138.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$126.00$126.00$126.00
Total monthly$2,109.23$2,989.06$3,757.85
Cash to close$184,975$53,000$53,000