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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$313,951$313,951$346,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$32,549$0
Funding fee$1,570$1,570$0
Note rate2.625%2.625%7.320%
Blended rate2.625%3.224%7.560%
1st payment$1,459.58$1,459.58$2,380.21
2nd payment$0.00$244.12$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$69.30
HOA / mo$91.00$91.00$91.00
Total monthly$1,775.75$2,019.86$2,765.68
Cash to close$71,049$38,500$38,500