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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$202,624$202,624$351,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$148,376$0
Funding fee$1,013$1,013$0
Note rate4.28%4.28%7.18%
Blended rate4.28%5.853%7.42%
1st payment$1,167.60$1,167.60$2,377.80
2nd payment$0.00$989.17$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.76$2,457.93$2,749.16
Cash to close$187,376$39,000$39,000