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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$238,358$238,358$354,600
Remaining term (yrs)23.623.630.0
Secondary amount$0$116,242$0
Funding fee$1,192$1,192$0
Note rate3.26%3.26%7.18%
Blended rate3.26%4.814%7.42%
1st payment$1,205.37$1,205.37$2,402.18
2nd payment$0.00$774.95$0.00
Taxes / mo$89.58$89.58$89.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.92
HOA / mo$195.00$195.00$195.00
Total monthly$1,639.95$2,414.90$2,907.69
Cash to close$155,642$39,400$39,400