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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$224,511$224,511$243,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$31,989$0
Funding fee$1,123$1,123$0
Note rate3.08%3.08%7.18%
Blended rate3.08%4.177%7.42%
1st payment$1,086.12$1,086.12$1,646.17
2nd payment$0.00$316.56$0.00
Taxes / mo$71.17$71.17$71.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$2.08$2.08$2.08
Total monthly$1,309.37$1,625.93$1,918.01
Cash to close$45,489$13,500$27,000