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$352,395$352,395$449,991
Remaining term (yrs)25.525.530.0
Secondary amount$0$97,596$0
Funding fee$1,762$1,762$0
Note rate3.750%3.750%7.400%
Blended rate3.750%4.889%7.640%
1st payment$1,786.87$1,786.87$3,115.65
2nd payment$0.00$731.97$0.00
Taxes / mo$144.42$144.42$144.42
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$90.00
HOA / mo$55.00$55.00$55.00
Total monthly$1,986.28$2,718.25$3,405.06
Cash to close$147,595$49,999$49,999