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$205,281$205,281$242,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,718$0
Funding fee$1,026$1,026$0
Note rate5.110%5.110%7.400%
Blended rate5.110%5.714%7.640%
1st payment$1,195.84$1,195.84$1,682.48
2nd payment$0.00$282.88$0.00
Taxes / mo$225.00$225.00$225.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$30.00$30.00$30.00
Total monthly$1,600.84$1,883.72$2,136.08
Cash to close$64,718$27,000$27,000