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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$222,156$222,156$391,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$169,344$0
Funding fee$1,111$1,111$0
Note rate3.650%3.650%7.320%
Blended rate3.650%5.532%7.560%
1st payment$1,169.27$1,169.27$2,689.33
2nd payment$0.00$1,128.96$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$95.00$95.00$95.00
Total monthly$1,547.93$2,676.89$3,146.30
Cash to close$212,844$43,500$43,500