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$231,756$231,756$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,244$0
Funding fee$1,159$1,159$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.287%7.640%
1st payment$1,094.20$1,094.20$2,056.37
2nd payment$0.00$489.33$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,519.20$2,008.53$2,540.77
Cash to close$98,244$33,000$33,000