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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$212,897$212,897$319,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$106,603$0
Funding fee$1,064$1,064$0
Note rate2.8%2.8%7.18%
Blended rate2.8%4.535%7.42%
1st payment$987.58$987.58$2,164.40
2nd payment$0.00$710.68$0.00
Taxes / mo$154.83$154.83$154.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$69.00$69.00$69.00
Total monthly$1,361.41$2,072.09$2,602.14
Cash to close$142,103$35,500$35,500