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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$201,173$201,173$279,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$77,827$0
Funding fee$1,006$1,006$0
Note rate3.14%3.14%7.18%
Blended rate3.14%4.775%7.42%
1st payment$964.47$964.47$1,890.04
2nd payment$0.00$583.71$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.56$1,777.26$2,174.93
Cash to close$108,827$31,000$31,000