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$372,491$372,491$377,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$26,414$0
Funding fee$1,862$1,862$0
Note rate3.080%3.080%7.400%
Blended rate3.080%3.662%7.640%
1st payment$1,797.94$1,797.94$2,616.57
2nd payment$0.00$261.39$0.00
Taxes / mo$385.75$385.75$385.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,333.69$2,595.08$3,227.90
Cash to close$47,409$20,995$41,990