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$230,154$230,154$350,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$120,756$0
Funding fee$1,151$1,151$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.826%7.640%
1st payment$1,143.78$1,143.78$2,429.63
2nd payment$0.00$805.04$0.00
Taxes / mo$76.25$76.25$76.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$407.00$407.00$407.00
Total monthly$1,777.03$2,582.08$3,133.06
Cash to close$159,746$38,990$38,990