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$220,346$220,346$358,200
Remaining term (yrs)23.823.830.0
Secondary amount$0$137,854$0
Funding fee$1,102$1,102$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.967%7.640%
1st payment$1,084.74$1,084.74$2,480.10
2nd payment$0.00$919.03$0.00
Taxes / mo$92.33$92.33$92.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,327.07$2,246.10$2,794.08
Cash to close$177,654$39,800$39,800