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$362,558$362,558$373,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,692$0
Funding fee$1,813$1,813$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.776%7.640%
1st payment$2,354.35$2,354.35$2,586.04
2nd payment$0.00$313.62$0.00
Taxes / mo$159.08$159.08$159.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$96.00$96.00$96.00
Total monthly$2,759.43$3,073.05$3,065.82
Cash to close$52,442$20,750$41,500