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$339,064$339,064$351,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,436$0
Funding fee$1,695$1,695$0
Note rate3.920%3.920%7.400%
Blended rate3.920%4.595%7.640%
1st payment$1,750.96$1,750.96$2,430.25
2nd payment$0.00$311.09$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,992.87$2,303.96$2,742.37
Cash to close$50,936$19,500$39,000