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$258,049$258,049$293,310
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,261$0
Funding fee$1,290$1,290$0
Note rate6.670%6.670%7.400%
Blended rate6.670%6.950%7.640%
1st payment$1,684.58$1,684.58$2,030.82
2nd payment$0.00$264.46$0.00
Taxes / mo$53.17$53.17$53.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.66
HOA / mo$442.00$442.00$442.00
Total monthly$2,329.75$2,594.21$2,734.65
Cash to close$67,851$32,590$32,590