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$232,076$232,076$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$64,924$0
Funding fee$1,160$1,160$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.155%7.640%
1st payment$1,076.54$1,076.54$2,056.37
2nd payment$0.00$486.93$0.00
Taxes / mo$157.10$157.10$157.10
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.64$1,870.57$2,422.87
Cash to close$97,924$33,000$33,000