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$239,483$239,483$261,810
Remaining term (yrs)26.826.830.0
Secondary amount$0$36,872$0
Funding fee$1,197$1,197$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.486%7.640%
1st payment$1,619.40$1,619.40$1,812.72
2nd payment$0.00$364.88$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.36
HOA / mo$255.00$255.00$255.00
Total monthly$2,123.90$2,488.78$2,369.58
Cash to close$51,417$14,545$29,090