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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$205,564$205,564$328,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$122,936$0
Funding fee$1,028$1,028$0
Note rate3.09%3.09%7.18%
Blended rate3.09%4.927%7.42%
1st payment$993.29$993.29$2,225.37
2nd payment$0.00$819.57$0.00
Taxes / mo$130.83$130.83$130.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.12$2,093.69$2,571.91
Cash to close$159,436$36,500$36,500