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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$335,875$335,875$404,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$68,225$0
Funding fee$1,679$1,679$0
Note rate6.740%6.740%7.320%
Blended rate6.740%7.122%7.560%
1st payment$2,199.73$2,199.73$2,775.89
2nd payment$0.00$511.69$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$3,109.76$3,255.04
Cash to close$113,125$44,900$44,900