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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$242,201$242,201$333,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$90,799$0
Funding fee$1,211$1,211$0
Note rate3.11%3.11%7.18%
Blended rate3.11%4.716%7.42%
1st payment$1,154.84$1,154.84$2,255.86
2nd payment$0.00$680.99$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$66.00$66.00$66.00
Total monthly$1,477.17$2,158.17$2,644.79
Cash to close$127,799$37,000$37,000