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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$372,266$372,266$602,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$229,834$0
Funding fee$1,861$1,861$0
Note rate2.72%2.72%7.18%
Blended rate2.72%4.64%7.42%
1st payment$1,748.61$1,748.61$4,078.84
2nd payment$0.00$1,484.35$0.00
Taxes / mo$230.58$230.58$230.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.42
HOA / mo$315.00$315.00$315.00
Total monthly$2,460.86$3,945.21$4,911.51
Cash to close$296,734$66,900$66,900