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$222,646$222,646$292,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$69,854$0
Funding fee$1,113$1,113$0
Note rate2.299%2.299%7.400%
Blended rate2.299%3.899%7.640%
1st payment$1,009.22$1,009.22$2,025.21
2nd payment$0.00$523.90$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$886.00$886.00$886.00
Total monthly$2,311.89$2,835.79$3,386.38
Cash to close$102,354$32,500$32,500