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$361,714$361,714$499,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$137,786$0
Funding fee$1,809$1,809$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.336%7.640%
1st payment$1,743.89$1,743.89$3,458.44
2nd payment$0.00$918.57$0.00
Taxes / mo$338.08$338.08$338.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$15.83$15.83$15.83
Total monthly$2,264.47$3,183.04$4,078.92
Cash to close$193,286$55,500$55,500