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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$234,171$234,171$337,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$103,329$0
Funding fee$1,171$1,171$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.642%7.42%
1st payment$1,166.47$1,166.47$2,286.34
2nd payment$0.00$688.86$0.00
Taxes / mo$123.08$123.08$123.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$195.00$195.00$195.00
Total monthly$1,634.56$2,323.42$2,821.93
Cash to close$140,829$37,500$37,500