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$248,541$248,541$332,505
Remaining term (yrs)24.424.430.0
Secondary amount$0$83,964$0
Funding fee$1,243$1,243$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.321%7.640%
1st payment$1,161.57$1,161.57$2,302.20
2nd payment$0.00$629.73$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,455.24$2,084.96$2,662.37
Cash to close$120,909$36,945$36,945