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$230,755$230,755$323,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$93,155$0
Funding fee$1,154$1,154$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.369%7.640%
1st payment$1,543.80$1,543.80$2,242.69
2nd payment$0.00$698.66$0.00
Taxes / mo$155.00$155.00$155.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,848.80$2,547.46$2,612.47
Cash to close$129,145$35,990$35,990