The Brokery
Call Danielle

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$224,316$224,316$315,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$90,684$0
Funding fee$1,122$1,122$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.549%7.640%
1st payment$1,067.46$1,067.46$2,181.00
2nd payment$0.00$680.13$0.00
Taxes / mo$140.42$140.42$140.42
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$63.00
HOA / mo$125.00$125.00$125.00
Total monthly$1,332.87$2,013.00$2,509.41
Cash to close$125,684$35,000$35,000