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$357,197$357,197$391,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$34,303$0
Funding fee$1,786$1,786$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.551%7.640%
1st payment$2,091.32$2,091.32$2,710.67
2nd payment$0.00$257.27$0.00
Taxes / mo$149.00$149.00$149.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$70.00$70.00$70.00
Total monthly$2,460.32$2,717.59$3,157.97
Cash to close$77,803$43,500$43,500