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$228,900$228,900$355,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$126,600$0
Funding fee$1,145$1,145$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.070%7.640%
1st payment$1,177.73$1,177.73$2,461.41
2nd payment$0.00$844.00$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$79.67$79.67$79.67
Total monthly$1,588.15$2,432.15$2,942.93
Cash to close$166,100$39,500$39,500