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$213,961$213,961$243,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$29,039$0
Funding fee$1,070$1,070$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.805%7.640%
1st payment$1,016.85$1,016.85$1,682.48
2nd payment$0.00$217.79$0.00
Taxes / mo$359.00$359.00$359.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$50.00$50.00$50.00
Total monthly$1,575.85$1,793.65$2,290.08
Cash to close$56,039$27,000$27,000