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$11,825$11,825$215,910
Remaining term (yrs)2.52.530.0
Secondary amount$0$204,085$0
Funding fee$59$59$0
Note rate7.500%7.500%7.400%
Blended rate7.500%7.736%7.640%
1st payment$420.79$420.79$1,494.92
2nd payment$0.00$1,318.05$0.00
Taxes / mo$56.89$56.89$56.89
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$627.68$1,945.73$1,744.99
Cash to close$228,075$23,990$23,990