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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$212,747$212,747$243,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$30,253$0
Funding fee$1,064$1,064$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.811%7.42%
1st payment$1,372.22$1,372.22$1,646.17
2nd payment$0.00$226.89$0.00
Taxes / mo$7.17$7.17$7.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,529.39$1,756.28$1,851.93
Cash to close$57,253$27,000$27,000