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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$372,582$372,582$485,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$112,518$0
Funding fee$1,863$1,863$0
Note rate3.11%3.11%7.24%
Blended rate3.11%4.244%7.48%
1st payment$1,776.51$1,776.51$3,305.95
2nd payment$0.00$750.12$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$4.08$4.08$4.08
Total monthly$2,047.42$2,797.54$3,673.88
Cash to close$166,418$53,900$53,900