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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$221,108$221,108$283,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$62,392$0
Funding fee$1,106$1,106$0
Note rate2.68%2.68%7.18%
Blended rate2.68%4.071%7.42%
1st payment$1,031.58$1,031.58$1,920.53
2nd payment$0.00$467.94$0.00
Taxes / mo$119.08$119.08$119.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.67$1,768.61$2,246.31
Cash to close$93,892$31,500$31,500