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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$89,639$89,639$301,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$211,861$0
Funding fee$448$448$0
Note rate2.39%2.39%7.18%
Blended rate2.39%6.156%7.42%
1st payment$625.20$625.20$2,042.47
2nd payment$0.00$1,368.27$0.00
Taxes / mo$185.67$185.67$185.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$61.00$61.00$61.00
Total monthly$1,021.86$2,390.13$2,499.43
Cash to close$245,361$33,500$33,500