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$346,137$346,137$449,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$102,963$0
Funding fee$1,731$1,731$0
Note rate6.430%6.430%7.400%
Blended rate6.430%6.790%7.640%
1st payment$2,258.90$2,258.90$3,109.48
2nd payment$0.00$686.42$0.00
Taxes / mo$138.17$138.17$138.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$503.00$503.00$503.00
Total monthly$3,066.73$3,753.15$4,007.13
Cash to close$152,863$49,900$49,900