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$390,934$390,934$418,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$27,566$0
Funding fee$1,955$1,955$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.498%7.640%
1st payment$1,855.97$1,855.97$2,897.61
2nd payment$0.00$206.74$0.00
Taxes / mo$121.88$121.88$121.88
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,144.51$2,351.26$3,269.86
Cash to close$74,066$46,500$46,500