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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$205,550$205,550$320,400
Remaining term (yrs)24.224.230.0
Secondary amount$0$114,850$0
Funding fee$1,028$1,028$0
Note rate2.9%2.9%7.18%
Blended rate2.9%4.728%7.42%
1st payment$984.43$984.43$2,170.50
2nd payment$0.00$765.66$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.76$1,998.42$2,482.91
Cash to close$150,450$35,600$35,600