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$343,195$343,195$539,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$196,804$0
Funding fee$1,716$1,716$0
Note rate2.375%2.375%7.400%
Blended rate2.375%4.425%7.640%
1st payment$1,556.50$1,556.50$3,738.84
2nd payment$0.00$1,312.02$0.00
Taxes / mo$318.00$318.00$318.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,041.17$3,353.19$4,331.51
Cash to close$256,804$60,000$60,000