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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$295,054$295,054$377,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$82,046$0
Funding fee$1,475$1,475$0
Note rate6.84%6.84%7.18%
Blended rate6.84%7.31%7.42%
1st payment$1,968.44$1,968.44$2,554.61
2nd payment$0.00$615.34$0.00
Taxes / mo$237.75$237.75$237.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,356.19$2,971.53$3,017.78
Cash to close$123,946$41,900$41,900