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$371,727$371,727$472,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$100,773$0
Funding fee$1,859$1,859$0
Note rate2.67%2.67%7.11%
Blended rate2.67%3.807%7.35%
1st payment$1,732.42$1,732.42$3,178.54
2nd payment$0.00$671.82$0.00
Taxes / mo$199.00$199.00$199.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,098.09$2,769.91$3,638.70
Cash to close$153,273$52,500$52,500