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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$281,471$281,471$296,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,079$0
Funding fee$1,407$1,407$0
Note rate6.65%6.65%7.18%
Blended rate6.65%7.17%7.42%
1st payment$1,884.97$1,884.97$2,005.88
2nd payment$0.00$307.55$0.00
Taxes / mo$92.67$92.67$92.67
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$2,127.64$2,435.18$2,307.77
Cash to close$47,529$16,450$32,900