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$203,921$203,921$223,200
Remaining term (yrs)25.125.130.0
Secondary amount$0$31,679$0
Funding fee$1,020$1,020$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.176%7.640%
1st payment$958.46$958.46$1,545.39
2nd payment$0.00$313.49$0.00
Taxes / mo$265.58$265.58$265.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.64
HOA / mo$210.00$210.00$210.00
Total monthly$1,584.05$1,897.54$2,215.62
Cash to close$44,079$12,400$24,800