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$379,618$379,618$449,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$70,381$0
Funding fee$1,898$1,898$0
Note rate2.84%2.84%7.18%
Blended rate2.84%3.803%7.42%
1st payment$1,768.76$1,768.76$3,048.45
2nd payment$0.00$527.86$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$125.00$125.00$125.00
Total monthly$2,277.01$2,804.87$3,646.70
Cash to close$120,381$50,000$50,000