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$226,734$226,734$315,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$88,266$0
Funding fee$1,134$1,134$0
Note rate4.060%4.060%7.400%
Blended rate4.060%5.444%7.640%
1st payment$1,270.79$1,270.79$2,181.00
2nd payment$0.00$662.00$0.00
Taxes / mo$215.00$215.00$215.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,635.79$2,297.78$2,609.00
Cash to close$123,266$35,000$35,000