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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$297,919$297,919$337,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$39,581$0
Funding fee$1,490$1,490$0
Note rate6.72%6.72%7.18%
Blended rate6.72%6.987%7.42%
1st payment$1,952.75$1,952.75$2,286.34
2nd payment$0.00$296.86$0.00
Taxes / mo$57.75$57.75$57.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.50$2,457.35$2,561.59
Cash to close$77,081$37,500$37,500