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$381,760$381,760$431,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$50,150$0
Funding fee$1,909$1,909$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.553%7.640%
1st payment$2,221.64$2,221.64$2,990.46
2nd payment$0.00$376.13$0.00
Taxes / mo$134.58$134.58$134.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,522.89$2,899.02$3,378.09
Cash to close$98,140$47,990$47,990