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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$316,365$316,365$333,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,135$0
Funding fee$1,582$1,582$0
Note rate7.07%7.07%7.18%
Blended rate7.07%7.55%7.42%
1st payment$2,190.46$2,190.46$2,255.86
2nd payment$0.00$347.69$0.00
Taxes / mo$5.33$5.33$5.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$61.00$61.00$61.00
Total monthly$2,406.80$2,754.49$2,538.79
Cash to close$53,635$18,500$37,000