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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$362,735$362,735$374,782
Remaining term (yrs)24.924.930.0
Secondary amount$0$32,868$0
Funding fee$1,814$1,814$0
Note rate2.84%2.84%7.18%
Blended rate2.84%3.591%7.42%
1st payment$1,690.09$1,690.09$2,538.90
2nd payment$0.00$325.26$0.00
Taxes / mo$150.58$150.58$150.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.96
HOA / mo$156.00$156.00$156.00
Total monthly$2,146.68$2,471.94$3,070.44
Cash to close$53,689$20,821$41,642