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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$368,491$368,491$431,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$62,609$0
Funding fee$1,842$1,842$0
Note rate6.71%6.71%7.18%
Blended rate6.71%7.043%7.42%
1st payment$2,470.73$2,470.73$2,920.42
2nd payment$0.00$469.57$0.00
Taxes / mo$108.92$108.92$108.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$331.00$331.00$331.00
Total monthly$3,077.31$3,546.88$3,613.22
Cash to close$110,509$47,900$47,900