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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$350,799$350,799$391,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$40,701$0
Funding fee$1,754$1,754$0
Note rate5.12%5.12%7.18%
Blended rate5.12%5.523%7.42%
1st payment$1,939.37$1,939.37$2,652.16
2nd payment$0.00$305.26$0.00
Taxes / mo$227.42$227.42$227.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,316.79$2,622.05$3,107.87
Cash to close$84,201$43,500$43,500