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$202,720$202,720$233,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$30,380$0
Funding fee$1,014$1,014$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.678%7.640%
1st payment$946.56$946.56$1,613.94
2nd payment$0.00$227.85$0.00
Taxes / mo$311.00$311.00$311.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,407.56$1,635.41$2,121.56
Cash to close$56,280$25,900$25,900