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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$245,808$245,808$310,410
Remaining term (yrs)29.229.230.0
Secondary amount$0$64,602$0
Funding fee$1,229$1,229$0
Note rate6.21%6.21%7.18%
Blended rate6.21%6.791%7.42%
1st payment$1,518.93$1,518.93$2,102.83
2nd payment$0.00$484.51$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.08
HOA / mo$2.08$2.08$2.08
Total monthly$1,748.42$2,232.94$2,394.40
Cash to close$99,092$34,490$34,490