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$4,930$4,930$242,910
Remaining term (yrs)0.70.730.0
Secondary amount$0$237,980$0
Funding fee$25$25$0
Note rate3.030%3.030%7.400%
Blended rate3.030%7.654%7.640%
1st payment$499.89$499.89$1,681.86
2nd payment$0.00$1,536.95$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$692.72$2,229.68$1,923.28
Cash to close$264,970$26,990$26,990