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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$309,526$309,526$517,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$207,974$0
Funding fee$1,548$1,548$0
Note rate3.01%3.01%7.18%
Blended rate3.01%4.915%7.42%
1st payment$1,514.16$1,514.16$3,505.73
2nd payment$0.00$1,343.16$0.00
Taxes / mo$178.83$178.83$178.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$36.00$36.00$36.00
Total monthly$1,895.66$3,238.82$3,990.73
Cash to close$265,474$57,500$57,500