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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$371,024$371,024$742,455
Remaining term (yrs)21.021.030.0
Secondary amount$0$371,431$0
Funding fee$1,855$1,855$0
Note rate3.93%3.93%7.18%
Blended rate3.93%5.841%7.42%
1st payment$2,159.27$2,159.27$5,029.65
2nd payment$0.00$2,398.83$0.00
Taxes / mo$281.92$281.92$281.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.49
HOA / mo$142.00$142.00$142.00
Total monthly$2,799.85$5,198.68$5,818.72
Cash to close$453,926$82,495$82,495