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$336,934$336,934$382,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$45,566$0
Funding fee$1,685$1,685$0
Note rate3.920%3.920%7.400%
Blended rate3.920%4.525%7.640%
1st payment$1,739.96$1,739.96$2,648.35
2nd payment$0.00$341.74$0.00
Taxes / mo$111.50$111.50$111.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,001.46$2,343.20$2,986.35
Cash to close$88,066$42,500$42,500