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$293,358$293,358$337,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$44,142$0
Funding fee$1,467$1,467$0
Note rate6.730%6.730%7.400%
Blended rate6.730%7.027%7.640%
1st payment$1,941.81$1,941.81$2,336.78
2nd payment$0.00$331.06$0.00
Taxes / mo$165.42$165.42$165.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$327.00$327.00$327.00
Total monthly$2,584.22$2,915.29$3,046.70
Cash to close$81,642$37,500$37,500