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$213,688$213,688$382,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$168,812$0
Funding fee$1,068$1,068$0
Note rate3.610%3.610%7.400%
Blended rate3.610%5.547%7.640%
1st payment$1,135.46$1,135.46$2,648.35
2nd payment$0.00$1,125.42$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.96$2,521.38$2,985.35
Cash to close$211,312$42,500$42,500