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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$330,375$330,375$396,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$65,625$0
Funding fee$1,652$1,652$0
Note rate3.47%3.47%7.24%
Blended rate3.47%4.386%7.48%
1st payment$1,715.02$1,715.02$2,698.73
2nd payment$0.00$492.19$0.00
Taxes / mo$435.33$435.33$435.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$58.33$58.33$58.33
Total monthly$2,358.69$2,850.87$3,421.60
Cash to close$109,625$44,000$44,000