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$233,473$233,473$265,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$32,027$0
Funding fee$1,167$1,167$0
Note rate3.920%3.920%7.400%
Blended rate3.920%4.533%7.640%
1st payment$1,205.68$1,205.68$1,838.27
2nd payment$0.00$240.20$0.00
Taxes / mo$69.67$69.67$69.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$255.00$255.00$255.00
Total monthly$1,680.34$1,920.54$2,366.04
Cash to close$61,527$29,500$29,500