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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$31,687$31,687$381,600
Remaining term (yrs)4.34.330.0
Secondary amount$0$349,913$0
Funding fee$158$158$0
Note rate3.01%3.01%7.18%
Blended rate3.01%7.356%7.42%
1st payment$639.23$639.23$2,585.09
2nd payment$0.00$2,259.86$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.32
HOA / mo$76.42$76.42$76.42
Total monthly$998.99$3,258.84$3,021.16
Cash to close$392,313$42,400$42,400