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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$298,143$298,143$319,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$39,107$0
Funding fee$1,491$1,491$0
Note rate7.5%7.5%7.18%
Blended rate7.5%8.007%7.42%
1st payment$2,142.74$2,142.74$2,164.40
2nd payment$0.00$386.99$0.00
Taxes / mo$106.25$106.25$106.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.99$2,785.98$2,484.55
Cash to close$56,857$17,750$35,500