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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$257,604$257,604$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$39,396$0
Funding fee$1,288$1,288$0
Note rate2.99%2.99%7.18%
Blended rate2.99%3.787%7.42%
1st payment$1,220.25$1,220.25$2,011.98
2nd payment$0.00$295.47$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$2.08$2.08$2.08
Total monthly$1,460.41$1,755.88$2,311.54
Cash to close$72,396$33,000$33,000