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$350,432$350,432$386,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,478$0
Funding fee$1,752$1,752$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.636%7.640%
1st payment$2,280.71$2,280.71$2,678.89
2nd payment$0.00$273.58$0.00
Taxes / mo$103.75$103.75$103.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,534.46$2,808.04$3,010.02
Cash to close$79,468$42,990$42,990