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$211,410$211,410$315,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$103,590$0
Funding fee$1,057$1,057$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.658%7.42%
1st payment$1,032.83$1,032.83$2,133.92
2nd payment$0.00$690.60$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,457.83$2,148.43$2,621.92
Cash to close$138,590$35,000$35,000