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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$206,643$206,643$351,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$144,357$0
Funding fee$1,033$1,033$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.192%7.42%
1st payment$1,039.31$1,039.31$2,377.80
2nd payment$0.00$962.38$0.00
Taxes / mo$223.25$223.25$223.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$132.00$132.00$132.00
Total monthly$1,544.56$2,506.94$2,953.25
Cash to close$183,357$39,000$39,000