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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$247,123$247,123$306,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$58,877$0
Funding fee$1,236$1,236$0
Note rate3.21%3.21%7.18%
Blended rate3.21%4.324%7.42%
1st payment$1,240.33$1,240.33$2,072.95
2nd payment$0.00$441.58$0.00
Taxes / mo$145.75$145.75$145.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$92.00$92.00$92.00
Total monthly$1,628.08$2,069.65$2,521.90
Cash to close$92,877$34,000$34,000