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$203,609$203,609$314,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$110,491$0
Funding fee$1,018$1,018$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.051%7.640%
1st payment$1,049.99$1,049.99$2,174.76
2nd payment$0.00$736.60$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$60.00$60.00$60.00
Total monthly$1,437.16$2,173.76$2,624.75
Cash to close$145,391$34,900$34,900