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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$366,608$366,608$396,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$29,392$0
Funding fee$1,833$1,833$0
Note rate5.22%5.22%7.18%
Blended rate5.22%5.501%7.42%
1st payment$2,149.66$2,149.66$2,682.64
2nd payment$0.00$220.44$0.00
Taxes / mo$159.50$159.50$159.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,459.16$2,679.59$3,071.34
Cash to close$73,392$44,000$44,000