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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$326,785$326,785$360,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$33,215$0
Funding fee$1,634$1,634$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.803%7.560%
1st payment$2,178.93$2,178.93$2,472.95
2nd payment$0.00$249.12$0.00
Taxes / mo$103.00$103.00$103.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$70.00$70.00$70.00
Total monthly$2,501.93$2,751.05$2,867.95
Cash to close$73,215$40,000$40,000