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$385,464$385,464$539,010
Remaining term (yrs)25.425.430.0
Secondary amount$0$153,546$0
Funding fee$1,927$1,927$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.746%7.640%
1st payment$1,895.71$1,895.71$3,732.00
2nd payment$0.00$1,023.64$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,181.54$3,205.18$4,125.63
Cash to close$213,436$59,890$59,890