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$322,172$322,172$358,191
Remaining term (yrs)25.525.530.0
Secondary amount$0$36,019$0
Funding fee$1,611$1,611$0
Note rate4.170%4.170%7.400%
Blended rate4.170%4.656%7.640%
1st payment$1,705.44$1,705.44$2,480.04
2nd payment$0.00$270.14$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.64
HOA / mo$322.00$322.00$322.00
Total monthly$2,277.44$2,547.58$3,123.68
Cash to close$75,818$39,799$39,799