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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$206,072$206,072$238,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,428$0
Funding fee$1,030$1,030$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.205%7.42%
1st payment$1,013.46$1,013.46$1,615.68
2nd payment$0.00$243.21$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$110.00$110.00$110.00
Total monthly$1,420.37$1,663.59$2,070.30
Cash to close$58,928$26,500$26,500