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$356,302$356,302$395,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,608$0
Funding fee$1,782$1,782$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.483%7.640%
1st payment$1,658.09$1,658.09$2,741.20
2nd payment$0.00$297.06$0.00
Taxes / mo$11.14$11.14$11.14
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.22$2,116.29$2,981.52
Cash to close$83,598$43,990$43,990