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$216,867$216,867$314,730
Remaining term (yrs)24.324.330.0
Secondary amount$0$97,863$0
Funding fee$1,084$1,084$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.666%7.640%
1st payment$1,012.66$1,012.66$2,179.13
2nd payment$0.00$733.97$0.00
Taxes / mo$393.92$393.92$393.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.95
HOA / mo$133.00$133.00$133.00
Total monthly$1,689.57$2,423.54$2,918.99
Cash to close$132,833$34,970$34,970