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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$215,515$215,515$324,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$108,485$0
Funding fee$1,078$1,078$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.721%7.42%
1st payment$1,063.47$1,063.47$2,194.89
2nd payment$0.00$723.23$0.00
Taxes / mo$129.25$129.25$129.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,342.72$2,065.96$2,538.94
Cash to close$144,485$36,000$36,000