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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$264,815$264,815$434,700
Remaining term (yrs)26.326.330.0
Secondary amount$0$169,885$0
Funding fee$1,324$1,324$0
Note rate6.15%6.15%7.18%
Blended rate6.15%6.873%7.42%
1st payment$1,691.83$1,691.83$2,944.81
2nd payment$0.00$1,132.57$0.00
Taxes / mo$200.58$200.58$200.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.94
HOA / mo$95.00$95.00$95.00
Total monthly$2,154.08$3,286.64$3,494.00
Cash to close$218,185$48,300$48,300