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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$274,604$274,604$296,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$37,946$0
Funding fee$1,373$1,373$0
Note rate6.39%6.39%7.18%
Blended rate6.39%7.056%7.42%
1st payment$1,787.20$1,787.20$2,005.88
2nd payment$0.00$375.50$0.00
Taxes / mo$131.50$131.50$131.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,068.70$2,444.20$2,346.60
Cash to close$54,396$16,450$32,900