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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$374,648$374,648$472,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$97,852$0
Funding fee$1,873$1,873$0
Note rate6.13%6.13%7.18%
Blended rate6.13%6.724%7.42%
1st payment$2,385.83$2,385.83$3,200.88
2nd payment$0.00$733.89$0.00
Taxes / mo$67.50$67.50$67.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,620.00$3,353.89$3,529.55
Cash to close$150,352$52,500$52,500