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$202,202$202,202$242,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,708$0
Funding fee$1,011$1,011$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.097%7.640%
1st payment$957.90$957.90$1,681.86
2nd payment$0.00$305.31$0.00
Taxes / mo$102.83$102.83$102.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,210.73$1,516.04$1,983.28
Cash to close$67,698$26,990$26,990