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$380,486$380,486$449,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$69,513$0
Funding fee$1,902$1,902$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.792%7.640%
1st payment$1,768.76$1,768.76$3,115.70
2nd payment$0.00$521.35$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$125.00$125.00$125.00
Total monthly$2,277.01$2,798.36$3,713.95
Cash to close$119,513$50,000$50,000