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$317,767$317,767$391,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$73,733$0
Funding fee$1,589$1,589$0
Note rate6.87%6.87%7.11%
Blended rate6.87%7.271%7.35%
1st payment$2,120.14$2,120.14$2,633.65
2nd payment$0.00$553.00$0.00
Taxes / mo$462.08$462.08$462.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,732.23$3,285.23$3,324.03
Cash to close$117,233$43,500$43,500