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$392,701$392,701$495,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$102,299$0
Funding fee$1,964$1,964$0
Note rate2.890%2.890%7.400%
Blended rate2.890%3.946%7.640%
1st payment$1,883.19$1,883.19$3,427.28
2nd payment$0.00$681.99$0.00
Taxes / mo$324.08$324.08$324.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$83.00$83.00$83.00
Total monthly$2,456.94$3,138.93$4,100.03
Cash to close$157,299$55,000$55,000