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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$343,340$343,340$404,550
Remaining term (yrs)28.228.230.0
Secondary amount$0$61,210$0
Funding fee$1,717$1,717$0
Note rate6.78%6.78%7.18%
Blended rate6.78%7.116%7.42%
1st payment$2,277.08$2,277.08$2,740.56
2nd payment$0.00$459.07$0.00
Taxes / mo$129.25$129.25$129.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$84.00$84.00$84.00
Total monthly$2,640.33$3,099.40$3,184.72
Cash to close$106,160$44,950$44,950