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$308,221$308,221$332,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$43,184$0
Funding fee$1,541$1,541$0
Note rate6.71%6.71%7.18%
Blended rate6.71%7.345%7.42%
1st payment$2,066.62$2,066.62$2,255.25
2nd payment$0.00$427.34$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$77.00$77.00$77.00
Total monthly$2,428.04$2,855.38$2,683.25
Cash to close$61,679$18,495$36,990