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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$360,431$360,431$400,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,069$0
Funding fee$1,802$1,802$0
Note rate3.55%3.55%7.18%
Blended rate3.55%4.095%7.42%
1st payment$1,792.00$1,792.00$2,713.13
2nd payment$0.00$300.52$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$100.00$100.00$100.00
Total monthly$2,199.67$2,500.19$3,200.89
Cash to close$84,569$44,500$44,500