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$338,577$338,577$350,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,828$0
Funding fee$1,693$1,693$0
Note rate5.410%5.410%7.400%
Blended rate5.410%5.966%7.640%
1st payment$2,023.76$2,023.76$2,429.63
2nd payment$0.00$314.96$0.00
Taxes / mo$71.75$71.75$71.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$80.00$80.00$80.00
Total monthly$2,325.51$2,640.47$2,801.56
Cash to close$51,323$19,495$38,990