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$332,760$332,760$359,955
Remaining term (yrs)26.326.330.0
Secondary amount$0$27,195$0
Funding fee$1,664$1,664$0
Note rate6.480%6.480%7.400%
Blended rate6.480%6.670%7.640%
1st payment$2,195.02$2,195.02$2,492.26
2nd payment$0.00$203.97$0.00
Taxes / mo$1,047.58$1,047.58$1,047.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.99
HOA / mo$0.00$0.00$0.00
Total monthly$3,392.60$3,596.57$3,761.83
Cash to close$67,190$39,995$39,995