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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$204,066$204,066$252,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$47,934$0
Funding fee$1,020$1,020$0
Note rate3.680%3.680%7.320%
Blended rate3.680%4.692%7.560%
1st payment$1,084.55$1,084.55$1,731.07
2nd payment$0.00$359.50$0.00
Taxes / mo$161.67$161.67$161.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$287.00$287.00$287.00
Total monthly$1,683.22$2,042.73$2,380.13
Cash to close$75,934$28,000$28,000