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$243,909$243,909$274,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,591$0
Funding fee$1,220$1,220$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.553%7.640%
1st payment$1,140.22$1,140.22$1,900.58
2nd payment$0.00$229.43$0.00
Taxes / mo$70.67$70.67$70.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$175.00$175.00$175.00
Total monthly$1,535.89$1,765.32$2,351.15
Cash to close$61,091$30,500$30,500