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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$242,851$242,851$337,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$94,649$0
Funding fee$1,214$1,214$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.755%7.42%
1st payment$1,151.66$1,151.66$2,286.34
2nd payment$0.00$709.87$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$112.00$112.00$112.00
Total monthly$1,528.91$2,238.78$2,731.09
Cash to close$132,149$37,500$37,500