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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$216,462$216,462$314,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$98,448$0
Funding fee$1,082$1,082$0
Note rate2.74%2.74%7.18%
Blended rate2.74%4.697%7.42%
1st payment$1,011.65$1,011.65$2,133.31
2nd payment$0.00$738.36$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$195.00$195.00$195.00
Total monthly$1,493.90$2,232.26$2,678.54
Cash to close$133,438$34,990$34,990