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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$321,375$321,375$355,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$34,125$0
Funding fee$1,607$1,607$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.74%7.42%
1st payment$2,077.17$2,077.17$2,408.28
2nd payment$0.00$255.94$0.00
Taxes / mo$159.75$159.75$159.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$153.33$153.33$153.33
Total monthly$2,540.25$2,796.19$2,942.46
Cash to close$73,625$39,500$39,500