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$237,994$237,994$269,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,916$0
Funding fee$1,190$1,190$0
Note rate2.98%2.98%7.18%
Blended rate2.98%3.692%7.42%
1st payment$1,131.22$1,131.22$1,828.46
2nd payment$0.00$239.37$0.00
Taxes / mo$74.50$74.50$74.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,355.72$1,595.08$2,106.95
Cash to close$61,906$29,990$29,990