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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$282,573$282,573$431,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$149,337$0
Funding fee$1,413$1,413$0
Note rate5%5%7.18%
Blended rate5%6.037%7.42%
1st payment$1,633.01$1,633.01$2,925.91
2nd payment$0.00$995.58$0.00
Taxes / mo$221.92$221.92$221.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.38
HOA / mo$146.75$146.75$146.75
Total monthly$2,168.34$3,163.93$3,547.62
Cash to close$197,327$47,990$47,990