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$355,177$355,177$387,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$31,823$0
Funding fee$1,776$1,776$0
Note rate7.19%7.19%7.18%
Blended rate7.19%7.339%7.42%
1st payment$2,484.63$2,484.63$2,621.67
2nd payment$0.00$238.67$0.00
Taxes / mo$110.67$110.67$110.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$130.00$130.00$130.00
Total monthly$2,875.29$3,113.96$3,089.74
Cash to close$74,823$43,000$43,000