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$364,920$364,920$414,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$49,080$0
Funding fee$1,825$1,825$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.606%7.640%
1st payment$1,700.08$1,700.08$2,866.45
2nd payment$0.00$368.10$0.00
Taxes / mo$152.42$152.42$152.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$95.00$95.00$95.00
Total monthly$2,114.16$2,482.26$3,363.34
Cash to close$95,080$46,000$46,000