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$361,889$361,889$517,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$155,611$0
Funding fee$1,809$1,809$0
Note rate6.830%6.830%7.400%
Blended rate6.830%7.182%7.640%
1st payment$2,398.22$2,398.22$3,583.07
2nd payment$0.00$1,037.41$0.00
Taxes / mo$217.43$217.43$217.43
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,782.32$3,819.73$4,070.67
Cash to close$213,111$57,500$57,500