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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$293,401$293,401$530,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$236,699$0
Funding fee$1,467$1,467$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.110%7.560%
1st payment$1,391.42$1,391.42$3,641.42
2nd payment$0.00$1,528.68$0.00
Taxes / mo$189.75$189.75$189.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,747.84$3,276.52$4,103.86
Cash to close$295,599$58,900$58,900