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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$350,017$350,017$386,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,893$0
Funding fee$1,750$1,750$0
Note rate6.39%6.39%7.18%
Blended rate6.39%6.639%7.42%
1st payment$2,280.71$2,280.71$2,621.06
2nd payment$0.00$276.69$0.00
Taxes / mo$103.75$103.75$103.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,534.46$2,811.15$2,952.20
Cash to close$79,883$42,990$42,990