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$231,054$231,054$279,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$47,946$0
Funding fee$1,155$1,155$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.915%7.640%
1st payment$1,107.11$1,107.11$1,931.74
2nd payment$0.00$359.59$0.00
Taxes / mo$101.00$101.00$101.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$112.00$112.00$112.00
Total monthly$1,470.11$1,829.71$2,350.54
Cash to close$78,946$31,000$31,000