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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$216,216$216,216$291,600
Remaining term (yrs)27.627.630.0
Secondary amount$0$75,384$0
Funding fee$1,081$1,081$0
Note rate6.99%6.99%7.18%
Blended rate6.99%7.51%7.42%
1st payment$1,473.73$1,473.73$1,975.40
2nd payment$0.00$565.38$0.00
Taxes / mo$91.08$91.08$91.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,714.82$2,280.20$2,274.80
Cash to close$107,784$32,400$32,400