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$213,856$213,856$236,250
Remaining term (yrs)25.325.330.0
Secondary amount$0$35,519$0
Funding fee$1,069$1,069$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.350%7.640%
1st payment$1,014.16$1,014.16$1,635.75
2nd payment$0.00$351.49$0.00
Taxes / mo$560.75$560.75$560.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.91$2,076.40$2,393.75
Cash to close$48,644$13,125$26,250