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$340,824$340,824$350,820
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,486$0
Funding fee$1,708$1,708$0
Note rate5.25%5.25%7.18%
Blended rate5.25%5.776%7.42%
1st payment$2,015.54$2,015.54$2,376.58
2nd payment$0.00$291.79$0.00
Taxes / mo$73.17$73.17$73.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.16
HOA / mo$0.00$0.00$0.00
Total monthly$2,238.71$2,530.50$2,669.91
Cash to close$48,976$19,490$38,980