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$274,928$274,928$301,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$26,572$0
Funding fee$1,375$1,375$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.620%7.640%
1st payment$1,787.20$1,787.20$2,087.53
2nd payment$0.00$199.29$0.00
Taxes / mo$131.50$131.50$131.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,068.70$2,267.99$2,429.33
Cash to close$60,072$33,500$33,500