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$239,754$239,754$382,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,656$0
Funding fee$1,199$1,199$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.821%7.640%
1st payment$1,157.41$1,157.41$2,647.73
2nd payment$0.00$951.04$0.00
Taxes / mo$143.42$143.42$143.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.83$2,401.87$3,017.63
Cash to close$185,146$42,490$42,490