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$223,008$223,008$359,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$136,092$0
Funding fee$1,115$1,115$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.833%7.640%
1st payment$1,041.25$1,041.25$2,486.34
2nd payment$0.00$907.28$0.00
Taxes / mo$88.83$88.83$88.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.08$2,187.36$2,796.99
Cash to close$175,992$39,900$39,900