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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$330,583$330,583$378,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$47,417$0
Funding fee$1,653$1,653$0
Note rate7.44%7.44%7.18%
Blended rate7.44%7.636%7.42%
1st payment$2,362.68$2,362.68$2,560.70
2nd payment$0.00$355.63$0.00
Taxes / mo$111.25$111.25$111.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$70.00$70.00$70.00
Total monthly$2,693.93$3,049.56$2,967.55
Cash to close$89,417$42,000$42,000