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$390,444$390,444$701,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$311,555$0
Funding fee$1,952$1,952$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.086%7.640%
1st payment$1,890.90$1,890.90$4,860.50
2nd payment$0.00$2,012.13$0.00
Taxes / mo$234.40$234.40$234.40
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$133.00$133.00$133.00
Total monthly$2,474.96$4,487.09$5,584.97
Cash to close$389,555$78,000$78,000