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$384,677$384,677$539,010
Remaining term (yrs)25.325.330.0
Secondary amount$0$154,333$0
Funding fee$1,923$1,923$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.753%7.42%
1st payment$1,895.71$1,895.71$3,651.44
2nd payment$0.00$1,028.89$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,181.54$3,210.43$4,045.08
Cash to close$214,223$59,890$59,890