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$305,711$305,711$328,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$41,039$0
Funding fee$1,529$1,529$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.136%7.640%
1st payment$1,952.25$1,952.25$2,274.47
2nd payment$0.00$406.11$0.00
Taxes / mo$169.67$169.67$169.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$92.00$92.00$92.00
Total monthly$2,363.92$2,770.03$2,751.83
Cash to close$59,289$18,250$36,500