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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$312,389$312,389$339,750
Remaining term (yrs)26.526.530.0
Secondary amount$0$27,361$0
Funding fee$1,562$1,562$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.738%7.640%
1st payment$2,065.29$2,065.29$2,352.36
2nd payment$0.00$205.21$0.00
Taxes / mo$140.33$140.33$140.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.95
HOA / mo$0.00$0.00$0.00
Total monthly$2,355.62$2,560.83$2,710.64
Cash to close$65,111$37,750$37,750