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$341,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$33,265$0
Funding fee$1,634$1,634$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.069%7.560%
1st payment$2,178.93$2,178.93$2,343.12
2nd payment$0.00$329.19$0.00
Taxes / mo$103.00$103.00$103.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$70.00$70.00$70.00
Total monthly$2,501.93$2,831.12$2,734.34
Cash to close$52,215$18,950$37,900