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$370,445$370,445$1,134,000
Remaining term (yrs)14.814.830.0
Secondary amount$0$763,555$0
Funding fee$1,852$1,852$0
Note rate2.930%2.930%7.400%
Blended rate2.930%6.175%7.640%
1st payment$2,557.10$2,557.10$7,851.59
2nd payment$0.00$4,931.29$0.00
Taxes / mo$463.00$463.00$463.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$226.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,236.77$8,168.06$8,758.05
Cash to close$889,555$126,000$126,000