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$307,720$307,720$353,610
Remaining term (yrs)27.127.130.0
Secondary amount$0$45,890$0
Funding fee$1,539$1,539$0
Note rate7.620%7.620%7.400%
Blended rate7.620%7.799%7.640%
1st payment$2,236.23$2,236.23$2,448.32
2nd payment$0.00$344.18$0.00
Taxes / mo$118.92$118.92$118.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.72
HOA / mo$87.00$87.00$87.00
Total monthly$2,592.15$2,936.33$2,874.96
Cash to close$85,180$39,290$39,290