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$206,086$206,086$256,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$50,324$0
Funding fee$1,030$1,030$0
Note rate3.730%3.730%7.400%
Blended rate3.730%4.764%7.640%
1st payment$1,100.81$1,100.81$1,775.33
2nd payment$0.00$377.43$0.00
Taxes / mo$141.92$141.92$141.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.73$1,770.15$2,118.53
Cash to close$78,814$28,490$28,490