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$363,918$363,918$440,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$76,182$0
Funding fee$1,820$1,820$0
Note rate2.930%2.930%7.400%
Blended rate2.930%3.981%7.640%
1st payment$1,756.81$1,756.81$3,047.16
2nd payment$0.00$571.36$0.00
Taxes / mo$428.00$428.00$428.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,351.48$2,922.84$3,729.85
Cash to close$125,082$48,900$48,900