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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$208,147$208,147$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$151,853$0
Funding fee$1,041$1,041$0
Note rate2.96%2.96%7.18%
Blended rate2.96%5.086%7.42%
1st payment$1,010.45$1,010.45$2,438.77
2nd payment$0.00$1,012.35$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$281.00$281.00$281.00
Total monthly$1,841.45$2,853.80$3,341.77
Cash to close$191,853$40,000$40,000