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$351,821$351,821$404,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$53,089$0
Funding fee$1,759$1,759$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.769%7.640%
1st payment$1,668.47$1,668.47$2,803.52
2nd payment$0.00$398.16$0.00
Taxes / mo$327.42$327.42$327.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,145.89$2,544.05$3,361.91
Cash to close$98,079$44,990$44,990