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$351,240$351,240$391,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,260$0
Funding fee$1,756$1,756$0
Note rate5.120%5.120%7.400%
Blended rate5.120%5.519%7.640%
1st payment$1,939.37$1,939.37$2,710.67
2nd payment$0.00$301.95$0.00
Taxes / mo$227.42$227.42$227.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,316.79$2,618.74$3,166.38
Cash to close$83,760$43,500$43,500