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$333,770$333,770$350,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$36,635$0
Funding fee$1,669$1,669$0
Note rate4.170%4.170%7.400%
Blended rate4.170%4.932%7.640%
1st payment$1,766.83$1,766.83$2,429.63
2nd payment$0.00$362.53$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$200.00$200.00$200.00
Total monthly$2,262.67$2,625.20$2,995.65
Cash to close$56,130$19,495$38,990