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$309,885$309,885$328,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$36,865$0
Funding fee$1,549$1,549$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.313%7.640%
1st payment$2,069.79$2,069.79$2,274.47
2nd payment$0.00$364.81$0.00
Taxes / mo$520.93$520.93$520.93
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,740.71$3,105.52$3,011.09
Cash to close$55,115$18,250$36,500