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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$304,289$304,289$370,800
Remaining term (yrs)26.526.530.0
Secondary amount$0$66,511$0
Funding fee$1,521$1,521$0
Note rate6.54%6.54%7.18%
Blended rate6.54%6.981%7.42%
1st payment$2,014.08$2,014.08$2,511.93
2nd payment$0.00$498.83$0.00
Taxes / mo$285.75$285.75$285.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.16
HOA / mo$145.00$145.00$145.00
Total monthly$2,594.83$3,093.66$3,166.84
Cash to close$107,711$41,200$41,200