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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$345,522$345,522$404,550
Remaining term (yrs)28.728.730.0
Secondary amount$0$59,028$0
Funding fee$1,728$1,728$0
Note rate6.63%6.63%7.18%
Blended rate6.63%6.976%7.42%
1st payment$2,242.25$2,242.25$2,740.56
2nd payment$0.00$442.71$0.00
Taxes / mo$193.25$193.25$193.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$147.00$147.00$147.00
Total monthly$2,732.50$3,175.20$3,311.72
Cash to close$103,978$44,950$44,950