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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$220,931$220,931$269,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$48,979$0
Funding fee$1,105$1,105$0
Note rate2.540%2.540%7.320%
Blended rate2.540%3.712%7.560%
1st payment$977.09$977.09$1,854.09
2nd payment$0.00$367.34$0.00
Taxes / mo$164.42$164.42$164.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$97.00$97.00$97.00
Total monthly$1,388.51$1,755.84$2,319.49
Cash to close$78,969$29,990$29,990