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$282,153$282,153$328,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$46,347$0
Funding fee$1,411$1,411$0
Note rate6.93%6.93%7.18%
Blended rate6.93%7.222%7.42%
1st payment$1,895.46$1,895.46$2,225.37
2nd payment$0.00$347.60$0.00
Taxes / mo$126.08$126.08$126.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$66.67$66.67$66.67
Total monthly$2,238.22$2,585.82$2,633.83
Cash to close$82,847$36,500$36,500