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$334,396$334,396$449,999
Remaining term (yrs)27.127.130.0
Secondary amount$0$115,604$0
Funding fee$1,672$1,672$0
Note rate7.620%7.620%7.400%
Blended rate7.620%7.718%7.640%
1st payment$2,430.09$2,430.09$3,115.70
2nd payment$0.00$770.69$0.00
Taxes / mo$198.33$198.33$198.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$22.00$22.00$22.00
Total monthly$2,817.09$3,587.78$3,592.70
Cash to close$165,603$50,000$50,000