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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$215,074$215,074$359,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$144,026$0
Funding fee$1,075$1,075$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.892%7.42%
1st payment$1,010.46$1,010.46$2,432.67
2nd payment$0.00$960.18$0.00
Taxes / mo$107.67$107.67$107.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$56.00$56.00$56.00
Total monthly$1,324.13$2,284.31$2,818.16
Cash to close$183,926$39,900$39,900