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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$203,145$203,145$314,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$110,955$0
Funding fee$1,016$1,016$0
Note rate3.45%3.45%7.18%
Blended rate3.45%5.057%7.42%
1st payment$1,049.99$1,049.99$2,127.82
2nd payment$0.00$739.70$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$60.00$60.00$60.00
Total monthly$1,437.16$2,176.86$2,577.81
Cash to close$145,855$34,900$34,900