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$220,637$220,637$333,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$112,363$0
Funding fee$1,103$1,103$0
Note rate3.33%3.33%7.18%
Blended rate3.33%4.906%7.42%
1st payment$1,123.85$1,123.85$2,255.86
2nd payment$0.00$749.09$0.00
Taxes / mo$100.08$100.08$100.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$52.00$52.00$52.00
Total monthly$1,425.93$2,175.02$2,624.54
Cash to close$149,363$37,000$37,000