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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$354,139$354,139$396,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$41,861$0
Funding fee$1,771$1,771$0
Note rate3.1%3.1%7.18%
Blended rate3.1%3.724%7.42%
1st payment$1,686.71$1,686.71$2,682.64
2nd payment$0.00$313.96$0.00
Taxes / mo$152.75$152.75$152.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$62.00$62.00$62.00
Total monthly$2,051.46$2,365.42$3,126.59
Cash to close$85,861$44,000$44,000