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$248,746$248,746$310,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$61,754$0
Funding fee$1,244$1,244$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.177%7.640%
1st payment$1,185.01$1,185.01$2,149.84
2nd payment$0.00$463.15$0.00
Taxes / mo$365.58$365.58$365.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,700.59$2,163.75$2,727.52
Cash to close$96,254$34,500$34,500