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$373,391$373,391$485,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$111,709$0
Funding fee$1,867$1,867$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.236%7.640%
1st payment$1,776.51$1,776.51$3,358.73
2nd payment$0.00$744.73$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$4.08$4.08$4.08
Total monthly$2,047.42$2,792.15$3,726.67
Cash to close$165,609$53,900$53,900