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$248,054$248,054$404,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$156,856$0
Funding fee$1,240$1,240$0
Note rate3.180%3.180%7.400%
Blended rate3.180%5.047%7.640%
1st payment$1,210.28$1,210.28$2,803.52
2nd payment$0.00$1,045.71$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$2,577.99$3,206.50
Cash to close$201,846$44,990$44,990