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$222,076$222,076$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$65,924$0
Funding fee$1,110$1,110$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.211%7.640%
1st payment$1,043.55$1,043.55$1,994.05
2nd payment$0.00$494.43$0.00
Taxes / mo$69.33$69.33$69.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,262.89$1,757.32$2,270.99
Cash to close$97,924$32,000$32,000