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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$394,006$394,006$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,494$0
Funding fee$1,970$1,970$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.11%7.42%
1st payment$1,941.68$1,941.68$2,743.61
2nd payment$0.00$331.45$0.00
Taxes / mo$258.08$258.08$258.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$19.50$19.50$19.50
Total monthly$2,369.27$2,700.71$3,252.19
Cash to close$55,994$22,500$45,000