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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$385,152$385,152$508,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$123,348$0
Funding fee$1,926$1,926$0
Note rate2.89%2.89%7.18%
Blended rate2.89%4.13%7.42%
1st payment$1,851.40$1,851.40$3,444.76
2nd payment$0.00$822.32$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$35.67$35.67$35.67
Total monthly$2,208.32$3,030.64$3,903.38
Cash to close$179,848$56,500$56,500