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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$353,504$353,504$447,299
Remaining term (yrs)28.928.930.0
Secondary amount$0$93,795$0
Funding fee$1,768$1,768$0
Note rate6.5%6.5%7.18%
Blended rate6.5%7.024%7.42%
1st payment$2,259.64$2,259.64$3,030.16
2nd payment$0.00$703.46$0.00
Taxes / mo$163.92$163.92$163.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.46
HOA / mo$0.00$0.00$0.00
Total monthly$2,590.23$3,293.69$3,450.20
Cash to close$143,495$49,700$49,700