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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$206,823$206,823$364,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$157,677$0
Funding fee$1,034$1,034$0
Note rate2.84%2.84%7.18%
Blended rate2.84%5.072%7.42%
1st payment$984.15$984.15$2,469.25
2nd payment$0.00$1,051.18$0.00
Taxes / mo$172.83$172.83$172.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$18.00$18.00$18.00
Total monthly$1,324.99$2,376.17$2,882.98
Cash to close$198,177$40,500$40,500