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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$51,200$51,200$243,000
Remaining term (yrs)3.13.130.0
Secondary amount$0$191,800$0
Funding fee$256$256$0
Note rate3.18%3.18%7.18%
Blended rate3.18%6.984%7.42%
1st payment$1,418.12$1,418.12$1,646.17
2nd payment$0.00$1,278.67$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$63.00$63.00$63.00
Total monthly$1,741.21$3,019.87$2,017.85
Cash to close$218,800$27,000$27,000