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$371,665$371,665$539,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$168,245$0
Funding fee$1,858$1,858$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.469%7.640%
1st payment$1,741.43$1,741.43$3,738.23
2nd payment$0.00$1,121.63$0.00
Taxes / mo$178.50$178.50$178.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$62.00$62.00$62.00
Total monthly$2,148.59$3,270.23$4,253.38
Cash to close$228,235$59,990$59,990