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$229,044$229,044$261,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,956$0
Funding fee$1,145$1,145$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.340%7.640%
1st payment$1,153.89$1,153.89$1,807.11
2nd payment$0.00$239.67$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,384.56$1,624.23$2,089.98
Cash to close$60,956$29,000$29,000