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$391,853$391,853$540,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$148,147$0
Funding fee$1,959$1,959$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.459%7.640%
1st payment$1,862.39$1,862.39$3,738.85
2nd payment$0.00$987.65$0.00
Taxes / mo$189.92$189.92$189.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$94.00$94.00$94.00
Total monthly$2,312.97$3,300.62$4,297.43
Cash to close$208,147$60,000$60,000