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$333,829$333,829$346,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,826$0
Funding fee$1,669$1,669$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.872%7.640%
1st payment$1,973.38$1,973.38$2,398.47
2nd payment$0.00$314.95$0.00
Taxes / mo$247.00$247.00$247.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.28
HOA / mo$50.00$50.00$50.00
Total monthly$2,420.38$2,735.32$2,914.75
Cash to close$51,071$19,245$38,490