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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$300,908$300,908$562,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$261,592$0
Funding fee$1,505$1,505$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.198%7.560%
1st payment$1,463.85$1,463.85$3,863.98
2nd payment$0.00$1,689.45$0.00
Taxes / mo$127.75$127.75$127.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$38.33$38.33$38.33
Total monthly$1,796.60$3,486.05$4,309.23
Cash to close$324,092$62,500$62,500