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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$204,029$204,029$382,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$178,471$0
Funding fee$1,020$1,020$0
Note rate3.68%3.68%7.18%
Blended rate3.68%5.696%7.42%
1st payment$1,089.26$1,089.26$2,591.19
2nd payment$0.00$1,189.81$0.00
Taxes / mo$108.25$108.25$108.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$85.00$85.00$85.00
Total monthly$1,432.51$2,622.32$3,010.94
Cash to close$220,971$42,500$42,500