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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$352,029$352,029$458,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$106,071$0
Funding fee$1,760$1,760$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.058%7.640%
1st payment$1,641.92$1,641.92$3,171.79
2nd payment$0.00$707.14$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.62
HOA / mo$63.33$63.33$63.33
Total monthly$2,030.25$2,737.39$3,651.74
Cash to close$156,971$50,900$50,900