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$352,682$352,682$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$52,318$0
Funding fee$1,763$1,763$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.862%7.640%
1st payment$1,672.51$1,672.51$2,804.14
2nd payment$0.00$392.39$0.00
Taxes / mo$354.92$354.92$354.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$61.00$61.00$61.00
Total monthly$2,238.43$2,630.81$3,451.05
Cash to close$97,318$45,000$45,000