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$373,262$373,262$485,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$112,648$0
Funding fee$1,866$1,866$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.583%7.640%
1st payment$1,627.91$1,627.91$3,364.34
2nd payment$0.00$750.99$0.00
Taxes / mo$148.75$148.75$148.75
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$97.18
HOA / mo$62.00$62.00$62.00
Total monthly$1,838.66$2,589.65$3,672.27
Cash to close$166,638$53,990$53,990