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$212,072$212,072$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,928$0
Funding fee$1,060$1,060$0
Note rate3.170%3.170%7.400%
Blended rate3.170%4.421%7.640%
1st payment$1,038.25$1,038.25$1,869.43
2nd payment$0.00$434.46$0.00
Taxes / mo$290.92$290.92$290.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$222.00$222.00$222.00
Total monthly$1,701.17$2,135.63$2,586.34
Cash to close$87,928$30,000$30,000