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$345,687$345,687$395,550
Remaining term (yrs)25.325.330.0
Secondary amount$0$49,863$0
Funding fee$1,728$1,728$0
Note rate3.920%3.920%7.400%
Blended rate3.920%4.560%7.640%
1st payment$1,791.97$1,791.97$2,738.71
2nd payment$0.00$373.98$0.00
Taxes / mo$451.83$451.83$451.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.11
HOA / mo$165.00$165.00$165.00
Total monthly$2,558.80$2,932.78$3,584.65
Cash to close$93,813$43,950$43,950