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$354,696$354,696$409,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$54,804$0
Funding fee$1,773$1,773$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.786%7.640%
1st payment$1,682.10$1,682.10$2,835.30
2nd payment$0.00$411.03$0.00
Taxes / mo$229.71$229.71$229.71
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$4.17$4.17$4.17
Total monthly$2,082.65$2,493.68$3,317.74
Cash to close$100,304$45,500$45,500