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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$221,061$221,061$369,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$147,939$0
Funding fee$1,105$1,105$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.142%7.42%
1st payment$1,109.24$1,109.24$2,499.73
2nd payment$0.00$986.26$0.00
Taxes / mo$105.00$105.00$105.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$64.00$64.00$64.00
Total monthly$1,428.24$2,414.50$2,892.53
Cash to close$188,939$41,000$41,000