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$361,186$361,186$430,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$69,813$0
Funding fee$1,806$1,806$0
Note rate2.730%2.730%7.400%
Blended rate2.730%3.746%7.640%
1st payment$1,662.49$1,662.49$2,984.15
2nd payment$0.00$523.60$0.00
Taxes / mo$399.07$399.07$399.07
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,228.23$2,751.83$3,636.09
Cash to close$117,702$47,889$47,889