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$237,283$237,283$333,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$95,717$0
Funding fee$1,186$1,186$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.718%7.640%
1st payment$1,150.10$1,150.10$2,305.62
2nd payment$0.00$717.88$0.00
Taxes / mo$98.00$98.00$98.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$76.00$76.00$76.00
Total monthly$1,474.10$2,191.98$2,696.22
Cash to close$132,717$37,000$37,000