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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$242,772$242,772$256,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,978$0
Funding fee$1,214$1,214$0
Note rate2.98%2.98%7.18%
Blended rate2.98%3.899%7.42%
1st payment$1,151.32$1,151.32$1,737.62
2nd payment$0.00$276.87$0.00
Taxes / mo$99.00$99.00$99.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$410.00$410.00$410.00
Total monthly$1,810.32$2,087.18$2,447.92
Cash to close$42,228$14,250$28,500