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$215,397$215,397$265,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$50,103$0
Funding fee$1,077$1,077$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.189%7.42%
1st payment$1,024.76$1,024.76$1,798.59
2nd payment$0.00$375.78$0.00
Taxes / mo$65.67$65.67$65.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$230.00$230.00$230.00
Total monthly$1,470.43$1,846.20$2,297.36
Cash to close$79,603$29,500$29,500