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$398,964$398,964$468,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$69,036$0
Funding fee$1,995$1,995$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.979%7.640%
1st payment$1,894.09$1,894.09$3,240.34
2nd payment$0.00$517.77$0.00
Taxes / mo$330.75$330.75$330.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$55.00$55.00$55.00
Total monthly$2,446.51$2,964.28$3,886.35
Cash to close$121,036$52,000$52,000