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$226,963$226,963$319,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$92,447$0
Funding fee$1,135$1,135$0
Note rate3.310%3.310%7.400%
Blended rate3.310%4.957%7.640%
1st payment$1,148.37$1,148.37$2,211.53
2nd payment$0.00$693.36$0.00
Taxes / mo$989.67$989.67$989.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$2,288.04$2,981.39$3,415.08
Cash to close$127,937$35,490$35,490