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$365,205$365,205$512,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$146,895$0
Funding fee$1,826$1,826$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.899%7.640%
1st payment$1,621.14$1,621.14$3,545.68
2nd payment$0.00$979.30$0.00
Taxes / mo$451.67$451.67$451.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$43.33$43.33$43.33
Total monthly$2,282.81$3,262.11$4,309.76
Cash to close$203,795$56,900$56,900