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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$386,277$386,277$517,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$131,223$0
Funding fee$1,931$1,931$0
Note rate2.91%2.91%7.18%
Blended rate2.91%4.201%7.42%
1st payment$1,865.24$1,865.24$3,505.73
2nd payment$0.00$874.82$0.00
Taxes / mo$189.75$189.75$189.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$79.00$79.00$79.00
Total monthly$2,300.66$3,175.48$4,044.64
Cash to close$188,723$57,500$57,500