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$287,818$287,818$328,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,682$0
Funding fee$1,439$1,439$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.409%7.640%
1st payment$1,460.99$1,460.99$2,274.47
2nd payment$0.00$305.12$0.00
Taxes / mo$165.50$165.50$165.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,776.49$2,081.61$2,655.67
Cash to close$77,182$36,500$36,500