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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$239,692$239,692$310,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$70,808$0
Funding fee$1,198$1,198$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.245%7.42%
1st payment$1,116.80$1,116.80$2,103.44
2nd payment$0.00$531.06$0.00
Taxes / mo$124.75$124.75$124.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,391.55$1,922.61$2,440.29
Cash to close$105,308$34,500$34,500