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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$241,092$241,092$277,200
Remaining term (yrs)23.723.730.0
Secondary amount$0$36,108$0
Funding fee$1,205$1,205$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.826%7.42%
1st payment$1,660.02$1,660.02$1,877.85
2nd payment$0.00$270.81$0.00
Taxes / mo$42.25$42.25$42.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,852.27$2,123.08$2,125.54
Cash to close$66,908$30,800$30,800