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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$372,681$372,681$584,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$212,229$0
Funding fee$1,863$1,863$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.768%7.42%
1st payment$1,773.05$1,773.05$3,962.38
2nd payment$0.00$1,370.65$0.00
Taxes / mo$282.50$282.50$282.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,222.22$3,592.86$4,528.53
Cash to close$277,219$64,990$64,990