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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$283,293$283,293$346,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$63,207$0
Funding fee$1,416$1,416$0
Note rate3.100%3.100%7.240%
Blended rate3.100%4.176%7.480%
1st payment$1,349.29$1,349.29$2,361.39
2nd payment$0.00$474.05$0.00
Taxes / mo$82.83$82.83$82.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$51.00$51.00$51.00
Total monthly$1,633.12$2,107.17$2,714.52
Cash to close$101,707$38,500$38,500