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$214,391$214,391$297,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$82,609$0
Funding fee$1,072$1,072$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.532%7.42%
1st payment$1,007.25$1,007.25$2,011.98
2nd payment$0.00$619.57$0.00
Taxes / mo$78.50$78.50$78.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$20.00$20.00$20.00
Total monthly$1,255.75$1,875.32$2,319.88
Cash to close$115,609$33,000$33,000