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$360,348$360,348$369,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$29,152$0
Funding fee$1,802$1,802$0
Note rate7.070%7.070%7.400%
Blended rate7.070%7.430%7.640%
1st payment$2,492.44$2,492.44$2,554.88
2nd payment$0.00$288.48$0.00
Taxes / mo$23.08$23.08$23.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$109.00$109.00$109.00
Total monthly$2,774.52$3,063.00$2,910.76
Cash to close$49,652$20,500$41,000