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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$216,805$216,805$369,000
Remaining term (yrs)22.122.130.0
Secondary amount$0$152,195$0
Funding fee$1,084$1,084$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.951%7.42%
1st payment$1,096.00$1,096.00$2,499.73
2nd payment$0.00$1,014.64$0.00
Taxes / mo$359.83$359.83$359.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$291.33$291.33$291.33
Total monthly$1,897.17$2,911.80$3,374.70
Cash to close$193,195$41,000$41,000