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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$289,091$289,091$306,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$33,909$0
Funding fee$1,445$1,445$0
Note rate6.6%6.6%7.18%
Blended rate6.6%7.154%7.42%
1st payment$1,885.28$1,885.28$2,072.95
2nd payment$0.00$335.56$0.00
Taxes / mo$95.92$95.92$95.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$289.67$289.67$289.67
Total monthly$2,420.87$2,756.42$2,669.74
Cash to close$50,909$17,000$34,000