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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$335,562$335,562$404,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$68,538$0
Funding fee$1,678$1,678$0
Note rate6.74%6.74%7.18%
Blended rate6.74%7.123%7.42%
1st payment$2,199.73$2,199.73$2,737.51
2nd payment$0.00$514.04$0.00
Taxes / mo$181.67$181.67$181.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$66.67$66.67$66.67
Total monthly$2,598.07$3,112.11$3,216.67
Cash to close$113,438$44,900$44,900