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$218,212$218,212$287,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$68,888$0
Funding fee$1,091$1,091$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.341%7.640%
1st payment$1,017.77$1,017.77$1,987.82
2nd payment$0.00$516.66$0.00
Taxes / mo$741.67$741.67$741.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,909.44$2,426.10$2,936.91
Cash to close$100,788$31,900$31,900