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$240,396$240,396$359,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$119,514$0
Funding fee$1,202$1,202$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.620%7.640%
1st payment$1,161.75$1,161.75$2,491.94
2nd payment$0.00$796.76$0.00
Taxes / mo$140.75$140.75$140.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$60.00$60.00$60.00
Total monthly$1,512.50$2,309.26$2,914.68
Cash to close$159,504$39,990$39,990