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$338,420$338,420$344,700
Remaining term (yrs)25.425.430.0
Secondary amount$0$25,430$0
Funding fee$1,692$1,692$0
Note rate3.92%3.92%7.18%
Blended rate3.92%4.476%7.42%
1st payment$1,750.96$1,750.96$2,335.12
2nd payment$0.00$251.65$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,992.87$2,244.52$2,645.97
Cash to close$44,580$19,150$38,300