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$225,506$225,506$269,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$43,594$0
Funding fee$1,128$1,128$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.349%7.640%
1st payment$1,160.27$1,160.27$1,863.19
2nd payment$0.00$326.95$0.00
Taxes / mo$326.03$326.03$326.03
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$108.00$108.00$108.00
Total monthly$1,744.30$2,071.25$2,501.04
Cash to close$73,494$29,900$29,900