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$212,445$212,445$301,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$89,055$0
Funding fee$1,062$1,062$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.230%7.640%
1st payment$1,123.15$1,123.15$2,087.53
2nd payment$0.00$667.91$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$75.00$75.00$75.00
Total monthly$1,485.82$2,153.73$2,510.49
Cash to close$122,555$33,500$33,500