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$203,997$203,997$341,955
Remaining term (yrs)24.924.930.0
Secondary amount$0$137,958$0
Funding fee$1,020$1,020$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.940%7.640%
1st payment$953.64$953.64$2,367.63
2nd payment$0.00$919.72$0.00
Taxes / mo$64.67$64.67$64.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,168.30$2,088.03$2,650.69
Cash to close$175,953$37,995$37,995