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$234,736$234,736$269,906
Remaining term (yrs)27.927.930.0
Secondary amount$0$35,170$0
Funding fee$1,174$1,174$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.069%7.640%
1st payment$1,561.42$1,561.42$1,868.77
2nd payment$0.00$263.77$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$15.00$15.00$15.00
Total monthly$1,952.34$2,216.11$2,313.67
Cash to close$65,159$29,990$29,990