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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$32,700$32,700$225,000
Remaining term (yrs)5.95.930.0
Secondary amount$0$192,300$0
Funding fee$164$164$0
Note rate6.49%6.49%7.18%
Blended rate6.49%7.781%7.42%
1st payment$549.54$549.54$1,524.23
2nd payment$0.00$1,282.00$0.00
Taxes / mo$56.83$56.83$56.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$288.00$288.00$288.00
Total monthly$1,044.37$2,326.37$2,064.06
Cash to close$217,300$25,000$25,000