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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$329,456$329,456$386,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$56,644$0
Funding fee$1,647$1,647$0
Note rate6.95%6.95%7.18%
Blended rate6.95%7.251%7.42%
1st payment$2,279.99$2,279.99$2,615.58
2nd payment$0.00$424.83$0.00
Taxes / mo$130.92$130.92$130.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$103.00$103.00$103.00
Total monthly$2,663.90$3,088.73$3,076.71
Cash to close$99,544$42,900$42,900