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$327,174$327,174$341,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$32,876$0
Funding fee$1,636$1,636$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.272%7.640%
1st payment$2,209.98$2,209.98$2,361.71
2nd payment$0.00$325.34$0.00
Taxes / mo$763.61$763.61$763.61
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$110.00$110.00$110.00
Total monthly$3,233.60$3,558.94$3,453.54
Cash to close$51,826$18,950$37,900