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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$215,110$215,110$323,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$107,990$0
Funding fee$1,076$1,076$0
Note rate6.47%6.47%7.18%
Blended rate6.47%6.981%7.42%
1st payment$1,357.88$1,357.88$2,188.79
2nd payment$0.00$719.93$0.00
Taxes / mo$72.50$72.50$72.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.38$2,300.31$2,475.91
Cash to close$143,890$35,900$35,900