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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$202,661$202,661$378,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$175,339$0
Funding fee$1,013$1,013$0
Note rate3.09%3.09%7.18%
Blended rate3.09%5.368%7.42%
1st payment$962.09$962.09$2,560.70
2nd payment$0.00$1,168.93$0.00
Taxes / mo$80.58$80.58$80.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,192.67$2,361.60$2,866.89
Cash to close$217,339$42,000$42,000