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$242,068$242,068$404,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$162,842$0
Funding fee$1,210$1,210$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.465%7.640%
1st payment$1,228.76$1,228.76$2,803.52
2nd payment$0.00$1,085.62$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,537.18$2,622.79$3,192.91
Cash to close$207,832$44,990$44,990