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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$240,220$240,220$297,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$56,780$0
Funding fee$1,201$1,201$0
Note rate5%5%7.18%
Blended rate5%5.765%7.42%
1st payment$1,386.03$1,386.03$2,011.98
2nd payment$0.00$425.85$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.86$2,084.71$2,344.21
Cash to close$89,780$33,000$33,000