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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$208,412$208,412$283,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$75,088$0
Funding fee$1,042$1,042$0
Note rate2.89%2.89%7.18%
Blended rate2.89%4.508%7.42%
1st payment$1,001.82$1,001.82$1,920.53
2nd payment$0.00$563.16$0.00
Taxes / mo$68.58$68.58$68.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.41$1,783.57$2,195.81
Cash to close$106,588$31,500$31,500