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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$260,116$260,116$395,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$135,794$0
Funding fee$1,301$1,301$0
Note rate6.95%6.95%7.18%
Blended rate6.95%7.31%7.42%
1st payment$1,754.16$1,754.16$2,682.03
2nd payment$0.00$905.29$0.00
Taxes / mo$142.58$142.58$142.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$370.00$370.00$370.00
Total monthly$2,416.75$3,322.04$3,423.80
Cash to close$179,784$43,990$43,990