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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$358,583$358,583$485,999
Remaining term (yrs)23.623.630.0
Secondary amount$0$127,416$0
Funding fee$1,793$1,793$0
Note rate3.23%3.23%7.18%
Blended rate3.23%4.481%7.42%
1st payment$1,803.49$1,803.49$3,292.33
2nd payment$0.00$849.44$0.00
Taxes / mo$220.17$220.17$220.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$131.00$131.00$131.00
Total monthly$2,321.33$3,170.77$3,907.36
Cash to close$181,416$54,000$54,000