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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$370,188$370,188$562,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$192,222$0
Funding fee$1,851$1,851$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.860%7.560%
1st payment$1,861.86$1,861.86$3,863.37
2nd payment$0.00$1,281.48$0.00
Taxes / mo$191.33$191.33$191.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.48
HOA / mo$115.00$115.00$115.00
Total monthly$2,334.86$3,616.34$4,448.85
Cash to close$254,712$62,490$62,490