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$218,602$218,602$288,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$69,398$0
Funding fee$1,093$1,093$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.203%7.640%
1st payment$1,017.43$1,017.43$1,994.05
2nd payment$0.00$520.49$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$385.00$385.00$385.00
Total monthly$1,669.93$2,190.41$2,704.15
Cash to close$101,398$32,000$32,000