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$371,956$371,956$418,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$46,544$0
Funding fee$1,860$1,860$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.054%7.640%
1st payment$2,512.48$2,512.48$2,897.61
2nd payment$0.00$349.08$0.00
Taxes / mo$218.83$218.83$218.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,897.98$3,247.06$3,366.81
Cash to close$93,044$46,500$46,500