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$204,886$204,886$441,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$236,114$0
Funding fee$1,024$1,024$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.525%7.640%
1st payment$989.90$989.90$3,053.39
2nd payment$0.00$1,524.91$0.00
Taxes / mo$94.17$94.17$94.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,250.73$2,775.64$3,402.43
Cash to close$285,114$49,000$49,000