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$243,792$243,792$359,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$116,118$0
Funding fee$1,219$1,219$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.586%7.640%
1st payment$1,153.63$1,153.63$2,491.94
2nd payment$0.00$774.12$0.00
Taxes / mo$245.92$245.92$245.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$110.00$110.00$110.00
Total monthly$1,659.54$2,433.66$3,069.84
Cash to close$156,108$39,990$39,990