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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$291,098$291,098$355,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$64,402$0
Funding fee$1,455$1,455$0
Note rate7.19%7.19%7.18%
Blended rate7.19%7.518%7.42%
1st payment$2,034.33$2,034.33$2,408.28
2nd payment$0.00$483.01$0.00
Taxes / mo$144.75$144.75$144.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.08$2,812.10$2,774.13
Cash to close$103,902$39,500$39,500