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$219,143$219,143$346,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$127,357$0
Funding fee$1,096$1,096$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.775%7.640%
1st payment$1,034.91$1,034.91$2,399.10
2nd payment$0.00$849.05$0.00
Taxes / mo$376.58$376.58$376.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$3.33$3.33$3.33
Total monthly$1,564.83$2,413.87$2,998.31
Cash to close$165,857$38,500$38,500