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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$372,334$372,334$467,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$95,576$0
Funding fee$1,862$1,862$0
Note rate2.25%2.25%7.18%
Blended rate2.25%3.629%7.42%
1st payment$1,627.91$1,627.91$3,169.79
2nd payment$0.00$716.82$0.00
Taxes / mo$148.75$148.75$148.75
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$93.58
HOA / mo$62.00$62.00$62.00
Total monthly$1,838.66$2,555.48$3,474.12
Cash to close$147,566$51,990$51,990