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$213,454$213,454$278,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$65,456$0
Funding fee$1,067$1,067$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.949%7.640%
1st payment$1,383.08$1,383.08$1,931.12
2nd payment$0.00$490.92$0.00
Taxes / mo$369.58$369.58$369.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.78
HOA / mo$35.42$35.42$35.42
Total monthly$1,938.08$2,429.01$2,541.90
Cash to close$96,446$30,990$30,990