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$373,113$373,113$400,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$27,387$0
Funding fee$1,866$1,866$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.317%7.640%
1st payment$1,742.11$1,742.11$2,772.98
2nd payment$0.00$205.40$0.00
Taxes / mo$165.83$165.83$165.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$32.08$32.08$32.08
Total monthly$2,090.02$2,295.42$3,200.99
Cash to close$71,887$44,500$44,500