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$327,910$327,910$373,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$45,590$0
Funding fee$1,640$1,640$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.400%7.640%
1st payment$1,664.50$1,664.50$2,586.04
2nd payment$0.00$341.93$0.00
Taxes / mo$1,075.25$1,075.25$1,075.25
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$2,889.75$3,231.68$3,885.99
Cash to close$87,090$41,500$41,500