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$375,871$375,871$449,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$74,128$0
Funding fee$1,879$1,879$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.955%7.640%
1st payment$1,782.66$1,782.66$3,115.70
2nd payment$0.00$555.96$0.00
Taxes / mo$153.25$153.25$153.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$68.00$68.00$68.00
Total monthly$2,170.58$2,726.54$3,593.62
Cash to close$124,128$50,000$50,000