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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$351,095$351,095$405,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$53,905$0
Funding fee$1,755$1,755$0
Note rate2.88%2.88%7.18%
Blended rate2.88%3.695%7.42%
1st payment$1,639.37$1,639.37$2,743.61
2nd payment$0.00$404.28$0.00
Taxes / mo$127.50$127.50$127.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$86.33$86.33$86.33
Total monthly$2,003.20$2,407.49$3,188.44
Cash to close$98,905$45,000$45,000