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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$210,977$210,977$355,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$144,523$0
Funding fee$1,055$1,055$0
Note rate3.11%3.11%7.18%
Blended rate3.11%5.098%7.42%
1st payment$1,005.96$1,005.96$2,408.28
2nd payment$0.00$963.48$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$92.00$92.00$92.00
Total monthly$1,436.46$2,399.95$2,909.88
Cash to close$184,023$39,500$39,500