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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$372,308$372,308$616,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$244,192$0
Funding fee$1,862$1,862$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.785%7.42%
1st payment$1,734.70$1,734.70$4,176.39
2nd payment$0.00$1,577.07$0.00
Taxes / mo$288.33$288.33$288.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,189.70$3,766.77$4,754.69
Cash to close$312,692$68,500$68,500