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$379,559$379,559$386,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$27,991$0
Funding fee$1,898$1,898$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.516%7.640%
1st payment$1,788.37$1,788.37$2,673.28
2nd payment$0.00$277.00$0.00
Taxes / mo$127.12$127.12$127.12
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$60.00$60.00$60.00
Total monthly$2,125.49$2,402.49$3,087.62
Cash to close$49,441$21,450$42,900