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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$241,319$241,319$310,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$69,181$0
Funding fee$1,207$1,207$0
Note rate2.95%2.95%7.18%
Blended rate2.95%4.298%7.42%
1st payment$1,148.51$1,148.51$2,103.44
2nd payment$0.00$518.86$0.00
Taxes / mo$244.58$244.58$244.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$285.33$285.33$285.33
Total monthly$1,828.42$2,347.28$2,845.45
Cash to close$103,681$34,500$34,500