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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$337,079$337,079$418,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$81,421$0
Funding fee$1,685$1,685$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.986%7.42%
1st payment$2,154.65$2,154.65$2,835.06
2nd payment$0.00$610.66$0.00
Taxes / mo$91.27$91.27$91.27
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,412.59$3,023.25$3,176.71
Cash to close$127,921$46,500$46,500