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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$369,783$369,783$512,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$142,317$0
Funding fee$1,849$1,849$0
Note rate3.08%3.08%7.18%
Blended rate3.08%4.447%7.42%
1st payment$1,788.91$1,788.91$3,469.14
2nd payment$0.00$948.78$0.00
Taxes / mo$268.08$268.08$268.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,223.66$3,172.44$4,006.31
Cash to close$199,217$56,900$56,900