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$201,246$201,246$269,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$68,753$0
Funding fee$1,006$1,006$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.965%7.640%
1st payment$1,297.65$1,297.65$1,869.42
2nd payment$0.00$515.64$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.31$2,095.96$2,206.09
Cash to close$98,753$30,000$30,000