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$206,822$206,822$297,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$90,178$0
Funding fee$1,034$1,034$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.780%7.640%
1st payment$999.50$999.50$2,056.37
2nd payment$0.00$676.33$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$425.00$425.00$425.00
Total monthly$1,849.50$2,525.83$2,965.77
Cash to close$123,178$33,000$33,000