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$241,052$241,052$360,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$118,948$0
Funding fee$1,205$1,205$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.154%7.640%
1st payment$1,304.79$1,304.79$2,492.57
2nd payment$0.00$792.99$0.00
Taxes / mo$140.58$140.58$140.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$95.00$95.00$95.00
Total monthly$1,690.37$2,483.36$2,950.15
Cash to close$158,948$40,000$40,000