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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$210,833$210,833$377,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$166,267$0
Funding fee$1,054$1,054$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.244%7.42%
1st payment$1,000.85$1,000.85$2,554.61
2nd payment$0.00$1,108.45$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$92.00$92.00$92.00
Total monthly$1,431.35$2,539.80$3,060.53
Cash to close$208,167$41,900$41,900