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$375,671$375,671$393,750
Remaining term (yrs)24.924.930.0
Secondary amount$0$39,954$0
Funding fee$1,878$1,878$0
Note rate2.370%2.370%7.400%
Blended rate2.370%3.284%7.640%
1st payment$1,660.83$1,660.83$2,726.25
2nd payment$0.00$395.38$0.00
Taxes / mo$108.17$108.17$108.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,919.00$2,314.38$3,063.16
Cash to close$61,829$21,875$43,750