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$238,311$238,311$358,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$119,889$0
Funding fee$1,192$1,192$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.494%7.640%
1st payment$1,112.54$1,112.54$2,480.10
2nd payment$0.00$799.26$0.00
Taxes / mo$165.17$165.17$165.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.71$2,226.97$2,866.91
Cash to close$159,689$39,800$39,800