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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$328,443$328,443$359,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$30,657$0
Funding fee$1,642$1,642$0
Note rate5.23%5.23%7.18%
Blended rate5.23%5.552%7.42%
1st payment$1,936.64$1,936.64$2,432.67
2nd payment$0.00$229.93$0.00
Taxes / mo$113.08$113.08$113.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$84.00$84.00$84.00
Total monthly$2,283.73$2,513.65$2,851.57
Cash to close$70,557$39,900$39,900