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$332,741$332,741$373,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,759$0
Funding fee$1,664$1,664$0
Note rate2.375%2.375%7.400%
Blended rate2.375%3.098%7.640%
1st payment$1,457.69$1,457.69$2,586.04
2nd payment$0.00$305.70$0.00
Taxes / mo$595.92$595.92$595.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,203.61$2,509.30$3,406.66
Cash to close$82,259$41,500$41,500