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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$224,961$224,961$287,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$62,139$0
Funding fee$1,125$1,125$0
Note rate2.94%2.94%7.18%
Blended rate2.94%4.252%7.42%
1st payment$1,067.04$1,067.04$1,944.92
2nd payment$0.00$466.04$0.00
Taxes / mo$109.42$109.42$109.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$67.00$67.00$67.00
Total monthly$1,393.46$1,859.50$2,328.75
Cash to close$94,039$31,900$31,900