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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$244,599$244,599$391,499
Remaining term (yrs)19.719.730.0
Secondary amount$0$146,900$0
Funding fee$1,223$1,223$0
Note rate2.28%2.28%7.18%
Blended rate2.28%4.426%7.42%
1st payment$1,278.51$1,278.51$2,652.15
2nd payment$0.00$979.33$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.76$2,545.09$3,017.70
Cash to close$190,400$43,500$43,500