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$224,835$224,835$359,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$134,265$0
Funding fee$1,124$1,124$0
Note rate4.030%4.030%7.400%
Blended rate4.030%5.514%7.640%
1st payment$1,304.21$1,304.21$2,486.34
2nd payment$0.00$895.10$0.00
Taxes / mo$102.75$102.75$102.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,606.96$2,502.06$2,860.91
Cash to close$174,165$39,900$39,900