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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$234,021$234,021$337,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$103,479$0
Funding fee$1,170$1,170$0
Note rate3.56%3.56%7.18%
Blended rate3.56%4.921%7.42%
1st payment$1,243.07$1,243.07$2,286.34
2nd payment$0.00$689.86$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$92.00$92.00$92.00
Total monthly$1,657.41$2,347.27$2,768.18
Cash to close$140,979$37,500$37,500