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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$334,021$334,021$404,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$70,079$0
Funding fee$1,670$1,670$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.123%7.42%
1st payment$2,024.52$2,024.52$2,737.51
2nd payment$0.00$525.59$0.00
Taxes / mo$71.92$71.92$71.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,246.43$2,772.03$3,040.25
Cash to close$114,979$44,900$44,900