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$246,054$246,054$314,910
Remaining term (yrs)29.329.330.0
Secondary amount$0$68,856$0
Funding fee$1,230$1,230$0
Note rate6.210%6.210%7.400%
Blended rate6.210%6.820%7.640%
1st payment$1,518.93$1,518.93$2,180.37
2nd payment$0.00$516.42$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$2.08$2.08$2.08
Total monthly$1,748.42$2,264.84$2,472.85
Cash to close$103,846$34,990$34,990