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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$249,069$249,069$341,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$92,031$0
Funding fee$1,245$1,245$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.604%7.42%
1st payment$1,173.27$1,173.27$2,310.73
2nd payment$0.00$690.23$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$68.25$68.25$68.25
Total monthly$1,501.60$2,191.83$2,707.28
Cash to close$129,931$37,900$37,900