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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$221,218$221,218$378,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$156,782$0
Funding fee$1,106$1,106$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.015%7.42%
1st payment$1,059.46$1,059.46$2,560.70
2nd payment$0.00$1,045.22$0.00
Taxes / mo$223.75$223.75$223.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,433.21$2,478.42$3,010.05
Cash to close$198,782$42,000$42,000