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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$233,641$233,641$314,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$80,459$0
Funding fee$1,168$1,168$0
Note rate6.24%6.24%7.18%
Blended rate6.24%6.947%7.42%
1st payment$1,449.71$1,449.71$2,127.82
2nd payment$0.00$603.44$0.00
Taxes / mo$36.20$36.20$36.20
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,635.91$2,239.36$2,376.84
Cash to close$115,359$34,900$34,900