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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$247,501$247,501$404,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$157,409$0
Funding fee$1,238$1,238$0
Note rate3.18%3.18%7.18%
Blended rate3.18%5.054%7.42%
1st payment$1,210.28$1,210.28$2,743.00
2nd payment$0.00$1,049.39$0.00
Taxes / mo$104.00$104.00$104.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$68.00$68.00$68.00
Total monthly$1,532.28$2,581.67$3,145.98
Cash to close$202,399$44,990$44,990