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$341,892$341,892$425,700
Remaining term (yrs)26.626.630.0
Secondary amount$0$83,808$0
Funding fee$1,709$1,709$0
Note rate6.43%6.43%7.18%
Blended rate6.43%6.936%7.42%
1st payment$2,233.80$2,233.80$2,883.84
2nd payment$0.00$628.56$0.00
Taxes / mo$150.83$150.83$150.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,551.30$3,179.86$3,286.48
Cash to close$131,108$47,300$47,300