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$203,068$203,068$315,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$111,932$0
Funding fee$1,015$1,015$0
Note rate3.330%3.330%7.400%
Blended rate3.330%4.989%7.640%
1st payment$1,034.36$1,034.36$2,181.00
2nd payment$0.00$746.22$0.00
Taxes / mo$285.17$285.17$285.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$44.00$44.00$44.00
Total monthly$1,513.52$2,259.74$2,723.16
Cash to close$146,932$35,000$35,000