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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$208,032$208,032$314,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$106,068$0
Funding fee$1,040$1,040$0
Note rate2.93%2.93%7.18%
Blended rate2.93%4.642%7.42%
1st payment$1,004.27$1,004.27$2,127.82
2nd payment$0.00$707.12$0.00
Taxes / mo$263.25$263.25$263.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$170.00$170.00$170.00
Total monthly$1,587.52$2,294.64$2,773.89
Cash to close$140,968$34,900$34,900