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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$390,254$390,254$440,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,656$0
Funding fee$1,951$1,951$0
Note rate2.87%2.87%7.18%
Blended rate2.87%3.574%7.42%
1st payment$1,824.35$1,824.35$2,986.88
2nd payment$0.00$379.92$0.00
Taxes / mo$187.75$187.75$187.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$78.33$78.33$78.33
Total monthly$2,257.10$2,637.01$3,507.81
Cash to close$99,646$48,990$48,990