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$207,466$207,466$305,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$97,634$0
Funding fee$1,037$1,037$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.165%7.640%
1st payment$1,060.03$1,060.03$2,112.45
2nd payment$0.00$732.25$0.00
Taxes / mo$89.58$89.58$89.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,299.62$2,031.87$2,413.05
Cash to close$131,534$33,900$33,900