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$239,598$239,598$341,550
Remaining term (yrs)24.824.830.0
Secondary amount$0$101,952$0
Funding fee$1,198$1,198$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.507%7.640%
1st payment$1,141.25$1,141.25$2,364.82
2nd payment$0.00$679.68$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,390.75$2,070.43$2,682.63
Cash to close$139,902$37,950$37,950