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$215,211$215,211$296,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$81,788$0
Funding fee$1,076$1,076$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.188%7.640%
1st payment$1,418.99$1,418.99$2,056.36
2nd payment$0.00$613.41$0.00
Taxes / mo$116.93$116.93$116.93
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,685.92$2,299.33$2,382.69
Cash to close$114,788$33,000$33,000