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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$320,798$320,798$335,250
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,077$0
Funding fee$1,604$1,604$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.920%7.560%
1st payment$1,518.04$1,518.04$2,302.93
2nd payment$0.00$327.32$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.05
HOA / mo$56.00$56.00$56.00
Total monthly$1,839.79$2,167.11$2,691.73
Cash to close$51,702$18,625$37,250