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$337,406$337,406$418,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$81,094$0
Funding fee$1,687$1,687$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.984%7.640%
1st payment$2,154.65$2,154.65$2,897.61
2nd payment$0.00$608.21$0.00
Taxes / mo$91.27$91.27$91.27
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,412.59$3,020.80$3,239.25
Cash to close$127,594$46,500$46,500