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$371,078$371,078$381,149
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,246$0
Funding fee$1,855$1,855$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.652%7.640%
1st payment$1,759.93$1,759.93$2,639.00
2nd payment$0.00$309.21$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.23
HOA / mo$0.00$0.00$0.00
Total monthly$2,025.68$2,334.89$2,980.98
Cash to close$52,421$21,175$42,350