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$230,496$230,496$260,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$30,414$0
Funding fee$1,152$1,152$0
Note rate6.310%6.310%7.400%
Blended rate6.310%6.624%7.640%
1st payment$1,495.70$1,495.70$1,806.49
2nd payment$0.00$228.10$0.00
Taxes / mo$140.17$140.17$140.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,785.87$2,013.97$2,148.84
Cash to close$59,404$28,990$28,990