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$238,514$238,514$288,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$49,486$0
Funding fee$1,193$1,193$0
Note rate3.330%3.330%7.400%
Blended rate3.330%4.304%7.640%
1st payment$1,209.32$1,209.32$1,994.05
2nd payment$0.00$371.15$0.00
Taxes / mo$558.00$558.00$558.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.32$2,288.47$2,759.65
Cash to close$81,486$32,000$32,000