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$385,646$385,646$445,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$59,854$0
Funding fee$1,928$1,928$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.196%7.640%
1st payment$1,896.60$1,896.60$3,084.55
2nd payment$0.00$448.91$0.00
Taxes / mo$239.17$239.17$239.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$86.00$86.00$86.00
Total monthly$2,388.43$2,837.34$3,665.49
Cash to close$109,354$49,500$49,500