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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$220,678$220,678$234,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$26,322$0
Funding fee$1,103$1,103$0
Note rate3.02%3.02%7.18%
Blended rate3.02%3.964%7.42%
1st payment$1,080.67$1,080.67$1,585.20
2nd payment$0.00$260.48$0.00
Taxes / mo$213.83$213.83$213.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$103.00$103.00$103.00
Total monthly$1,547.50$1,807.98$2,098.83
Cash to close$39,322$13,000$26,000