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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$216,978$216,978$314,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$97,932$0
Funding fee$1,085$1,085$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.687%7.640%
1st payment$1,011.65$1,011.65$2,180.37
2nd payment$0.00$734.49$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$195.00$195.00$195.00
Total monthly$1,493.90$2,228.38$2,725.61
Cash to close$132,922$34,990$34,990