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$249,006$249,006$373,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$124,494$0
Funding fee$1,245$1,245$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.140%7.640%
1st payment$1,667.74$1,667.74$2,586.04
2nd payment$0.00$829.96$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$120.00$120.00$120.00
Total monthly$2,076.74$2,906.70$3,069.74
Cash to close$165,994$41,500$41,500