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$331,907$331,907$357,750
Remaining term (yrs)28.428.430.0
Secondary amount$0$25,843$0
Funding fee$1,660$1,660$0
Note rate6.650%6.650%7.400%
Blended rate6.650%6.820%7.640%
1st payment$2,166.63$2,166.63$2,476.99
2nd payment$0.00$193.82$0.00
Taxes / mo$190.58$190.58$190.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.55
HOA / mo$110.00$110.00$110.00
Total monthly$2,617.21$2,811.03$2,999.12
Cash to close$65,593$39,750$39,750