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$218,550$218,550$314,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$96,449$0
Funding fee$1,093$1,093$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.337%7.640%
1st payment$1,166.21$1,166.21$2,180.99
2nd payment$0.00$723.37$0.00
Taxes / mo$262.08$262.08$262.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$131.00$131.00$131.00
Total monthly$1,709.30$2,432.66$2,787.07
Cash to close$131,449$35,000$35,000