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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$236,281$236,281$283,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,219$0
Funding fee$1,181$1,181$0
Note rate2.87%2.87%7.18%
Blended rate2.87%3.891%7.42%
1st payment$1,104.56$1,104.56$1,920.53
2nd payment$0.00$354.14$0.00
Taxes / mo$109.25$109.25$109.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$410.00$410.00$410.00
Total monthly$1,773.81$2,127.95$2,646.48
Cash to close$78,719$31,500$31,500