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$376,797$376,797$544,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$167,703$0
Funding fee$1,884$1,884$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.402%7.640%
1st payment$1,747.87$1,747.87$3,770.01
2nd payment$0.00$1,118.02$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,129.87$3,247.88$4,260.91
Cash to close$228,203$60,500$60,500