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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$244,923$244,923$339,300
Remaining term (yrs)23.623.630.0
Secondary amount$0$94,377$0
Funding fee$1,225$1,225$0
Note rate3%3%7.18%
Blended rate3%4.669%7.42%
1st payment$1,205.52$1,205.52$2,298.54
2nd payment$0.00$707.83$0.00
Taxes / mo$272.67$272.67$272.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.86
HOA / mo$147.00$147.00$147.00
Total monthly$1,775.18$2,483.01$2,936.06
Cash to close$132,077$37,700$37,700