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$343,676$343,676$404,550
Remaining term (yrs)28.228.230.0
Secondary amount$0$60,874$0
Funding fee$1,718$1,718$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.114%7.640%
1st payment$2,277.08$2,277.08$2,801.02
2nd payment$0.00$456.56$0.00
Taxes / mo$129.25$129.25$129.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$84.00$84.00$84.00
Total monthly$2,640.33$3,096.88$3,245.18
Cash to close$105,824$44,950$44,950