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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$237,335$237,335$367,200
Remaining term (yrs)25.125.130.0
Secondary amount$0$129,865$0
Funding fee$1,187$1,187$0
Note rate3.14%3.14%7.18%
Blended rate3.14%4.859%7.42%
1st payment$1,137.84$1,137.84$2,487.54
2nd payment$0.00$865.77$0.00
Taxes / mo$126.58$126.58$126.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.44
HOA / mo$417.00$417.00$417.00
Total monthly$1,831.43$2,697.19$3,254.56
Cash to close$170,665$40,800$40,800