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$317,491$317,491$410,310
Remaining term (yrs)28.028.030.0
Secondary amount$0$92,819$0
Funding fee$1,587$1,587$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.833%7.640%
1st payment$1,988.80$1,988.80$2,840.90
2nd payment$0.00$696.15$0.00
Taxes / mo$241.42$241.42$241.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.06
HOA / mo$80.00$80.00$80.00
Total monthly$2,476.89$3,173.03$3,411.05
Cash to close$138,409$45,590$45,590