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$235,778$235,778$265,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$29,722$0
Funding fee$1,179$1,179$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.583%7.640%
1st payment$1,110.92$1,110.92$1,838.27
2nd payment$0.00$222.92$0.00
Taxes / mo$95.67$95.67$95.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$135.00$135.00$135.00
Total monthly$1,491.58$1,714.50$2,272.04
Cash to close$59,222$29,500$29,500