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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$206,492$206,492$242,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$36,508$0
Funding fee$1,032$1,032$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.284%7.640%
1st payment$1,013.46$1,013.46$1,682.48
2nd payment$0.00$273.81$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$110.00$110.00$110.00
Total monthly$1,420.37$1,694.18$2,137.99
Cash to close$63,507$27,000$27,000