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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$395,481$395,481$400,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$27,269$0
Funding fee$1,977$1,977$0
Note rate3.69%3.69%7.18%
Blended rate3.69%4.218%7.42%
1st payment$2,000.24$2,000.24$2,713.13
2nd payment$0.00$269.85$0.00
Taxes / mo$277.92$277.92$277.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$19.50$19.50$19.50
Total monthly$2,447.66$2,717.51$3,240.64
Cash to close$49,519$22,250$44,500