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$352,186$352,186$481,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$129,314$0
Funding fee$1,761$1,761$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.248%7.640%
1st payment$1,638.93$1,638.93$3,333.81
2nd payment$0.00$862.09$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$128.00$128.00$128.00
Total monthly$2,151.68$3,013.78$3,942.86
Cash to close$182,814$53,500$53,500