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$113,954$113,954$265,410
Remaining term (yrs)9.59.530.0
Secondary amount$0$151,456$0
Funding fee$570$570$0
Note rate2.200%2.200%7.400%
Blended rate2.200%5.510%7.640%
1st payment$1,091.41$1,091.41$1,837.65
2nd payment$0.00$1,009.71$0.00
Taxes / mo$105.67$105.67$105.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.08$2,356.79$2,146.39
Cash to close$180,946$29,490$29,490