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$211,530$211,530$346,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$134,970$0
Funding fee$1,058$1,058$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.222%7.640%
1st payment$1,093.33$1,093.33$2,399.10
2nd payment$0.00$899.80$0.00
Taxes / mo$180.42$180.42$180.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,423.75$2,323.55$2,798.81
Cash to close$173,470$38,500$38,500