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$241,444$241,444$277,200
Remaining term (yrs)23.823.830.0
Secondary amount$0$35,756$0
Funding fee$1,207$1,207$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.822%7.640%
1st payment$1,660.02$1,660.02$1,919.28
2nd payment$0.00$268.17$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$2,120.44$2,166.97
Cash to close$66,556$30,800$30,800